Coffee Prices Climb as Forecasts Call for Limited Rain in Brazil
May arabica coffee (KCK24 ) on Tuesday closed up +3.45 (+1.92%), and May ICE robusta coffee (RMK24 ) closed up +57 (+1.89%). Coffee prices on Tuesday recovered from 5-week lows and closed moderately higher. Short covering emerged in coffee futures Tuesday after updated weather forecasts called for limited rain in...
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