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Barchart
Barchart
Rich Asplund

Coffee Prices Jump on Dry Conditions in Brazil

September arabica coffee (KCU25) on Tuesday closed up +7.35 (+2.64%), and September ICE robusta coffee (RMU25) closed up +42 (+1.19%).

Coffee prices recovered from early losses Tuesday and settled sharply higher after forecasts for limited rainfall over the next week in Brazil's coffee-growing regions sparked some short covering in coffee futures.

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