![]() Great to have all your perspectives here. And there are some consumer staples consumer discretionary companies like Starbucks or Keurig Doctor Pepper … they’ve got earnings coming up … so, maybe we can get a glimpse into what these firms might serve up. At least in many parts of the U.S., it typically sits alongside other agricultural commodities like sugar, wheat, lean hogs for bacon, frozen concentrated orange juice … to name just a few. I think Dolly Parton called it a ‘cup of ambition’, didn’t she? …in the title song from the movie 9 to 5. ![]() It’s one of the staples in many people’s morning routines. Okay, so, today we’re going to talk about coffee. ![]() Great to be here – coffee in hand, actually. So, Sean, Michael, Jeff … it’s like a party. And they’re going to talk about some of their experiences on the ground, so to speak, in terms of their spending on coffee. Also, Jeff Praissman, our senior trading education specialist…. Speaking of which, we’re joined here by Michael Kerrigan, our human resources director at IBKR. We’ll be speaking with Sean McGovern, vice president of research at McAlinden Research Partners, about the current state of coffee futures – it’s part of our series on agricultural commodities and what you might expect your next breakfast bill could amount to. I’m Steven Levine, senior market analyst at Interactive Brokers and your host for today’s program. Although IBKR has edited for clarity no material changes have been made. The following is a summary of a live audio recording and may contain errors in spelling or grammar. Note : Any performance figures mentioned in this podcast are as of the date of recording (January 26, 2023). Where are coffee prices headed? What could the commodity say about Starbucks’ and KDP’s upcoming earnings? What’s happened to the quality of diner coffee? And who would switch to a coffee that’s not made from … coffee? All this and more! ![]() We also take a deep dive into consumer spending patterns with IBKR’s human resources director Michael Kerrigan and senior trading education specialist Jeff Praissman. We cover everything from Brazil’s weather to international trade to the Fed’s monetary policy to China’s Zero-COVID policies and more. Find out what’s brewing in the coffee futures market with Sean McGovern, vice president of research at McAlinden Research Partners. ![]()
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