Coffee Prices Retreat on Rain Forecasts for Brazil
May arabica coffee (KCK25 ) Wednesday closed down -6.55 (-1.64%), and May ICE robusta coffee (RMK25 ) closed down 154 (-2.75%). Coffee prices Wednesday erased an early rally and retreated after meteorologist Climatempo forecast widespread showers for Brazil's coffee-growing regions later this week. Coffee prices Wednesday initially moved higher, with...
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