Coffee Reaches One-Year Low as Brazilian Rains Drive Swings
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If you think swings in the crude market have been bad, take a look at coffee.
After surging as much as 11 percent to 2015’s high in mid-January, rains in Brazil improved crop prospects and prices are now at the lowest in a year. Bull-to-bear market gyrations spurred by changing weather in the country, the world’s biggest producer and exporter, drove coffee to be the most-volatile commodity in the past year.