Tango, thanks for your input. I agree with everything you have said. The ICE C Contract is an excellent vehicle for hedging as it is such a well-defined contract. My only point is that speculators can drive prices to unwarranted extremes as they look at the supply side of coffee in the aggregate. Thereís no question that EFPís or differentials do provide commercials with the ability to hedge their specific needs. Again thanks.