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No. 3 - Your Morning Cup Trade

While you're sipping your morning cup o’ joe, think about this. Futures on coffee, sugar and other ingredients in that cup are traded furiously on exchanges around the world everyday.

Lately, beans from Brazil have flooded the market making coffee cheaper. However, your latte could still go higher.

Eric Bolling explains that the price of coffee and sugar has been trending down for the past 4 – 5 months. Then Eric reveals he bought coffee and sugar futures today, because he believes these commodities will rally soon.



He also likes Green Mountain Coffee (GMCR) in part because this company has done well during the down trend and Imperial Sugar (IPSU) as a sugar play.

Dylan Ratigan asks if an up trend could hurt margins at Starbucks (SBUX)?

Jeff Macke says Starbucks has bigger problems than that.

Guy Adami tells investors not to be long SBUX, adding that if it drops below $29.75, he feels it will cross a critical technical level.

Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On May 9, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Strazzini Onws (CMLS) Bolling Owns (NMX) Gold, Silver, Sugar, Coffee Bolling Is Short Crude Oil