Coffee Prices Slump on Forecasts for Rain in Brazil
May arabica coffee (KCK24 ) this morning is down -7.20 (-3.75%), and May ICE robusta coffee (RMK24 ) is down -103 (-3.05%). Coffee prices this morning are sharply lower, based on improved prospects for rain in Brazil, which eased dryness concerns and spurred long liquidation in coffee futures. Forecaster Maxar...
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