Taking Profit in Coffee Futures

We were long March 2014 Coffee from 112.95 with a target of 148 (the 50% retracement level) – see our previous post “We Are Long Coffee as of 12/13 When Prices Broke Above 112.90” – and now March 2014 Coffee Futures have reached 125.  The current Cash Price is 132.64 so instead of trying to ride this all the way up to 148 we have sold our March 2014 Coffee Futures contract at 125 with a profit of $4518.75 (125 – 112.95 = 12.50 points x $375/point).

That’s 265% ROI on our initial $1705 margin invested!

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