A rallying exchange traded note (ETN) for coffee futures will be looking for a boost Wednesday following solid quarterly earnings from Green Mountain Coffee Roasters (NasdaqGS: GMCR). The company after Tuesday’s closing bell raised its full-year outlook, sending the stock higher by nearly 20% in after-hours trade.
Meanwhile, the only exchange traded product for java, iPath Dow Jones-UBS Coffee ETN (NYSEArca: JO), has been a solid performer on supply concerns and rising demand in emerging economies.