Poor Farmer

Press Release May 17, 2010 LONG BEACH, Calif. U.S.A. --- The Specialty Coffee Association of America (SCAA) announced the results of its recent general election. The following individuals have been elected to serve a term as a Director at large: Willem Boot, Marty Curtis, Al Liu, Paul Thornton and Max Quirin, who was elected to the position of 2nd Vice President. The nominating committee of the SCAA Board of Directors put together their recommendations last December and the slate was accepted by the full Board in January and notification was sent to membership in March. Association by-laws require participation by at least 5% of the eligible voting membership and the vote count was officially tallied, confirming these results. Executive Director of SCAA, Ric Rhinehart, commented on the results, “A great amount of due diligence goes into selecting candidates that will represent the membership well and support the Association’s strategic goals. This is an important process and the ...

By Elizabeth Campbell Bloomberg May 17, 2010 Coffee fell to the lowest level in more than a week as the dollar climbed, reducing the appeal of some commodities as an alternative investment. Cocoa was little changed after slumping to a two-month low. The greenback rose to the highest level since March 2009 against a basket of six major currencies, and the Reuters/Jefferies CRB Index of 19 commodities fell to the lowest level since October amid concern that Europe’s sovereign-debt crisis would spread. “A lot of people have been moving to the sidelines in commodity markets in general,” said Tom Mikulski, a senior market strategist at Lind-Waldock, a broker in Chicago. “The bigger traders have held, but they haven’t been buying. A lot of speculators remain in long-liquidation mode because there’s been too much uncertainty in Europe.” Arabica-coffee futures for July delivery slipped 1.75 cents, or 1.3 percent, to $1.3255 a pound on ICE Futures U.S. in New York. Earlier, the com...