Coffee Gains Before Possible Frost; Raw Sugar Extends Advance
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Arabica coffee climbed in New York as cold weather forecast for Brazil within two days may damage next year’s harvest. Sugar rose for a fourth day.
Temperatures tomorrow night into the morning of July 24 may fall to minus 2 degrees Celsius (28.4 degrees Fahrenheit) in Parana, David Streit, senior lead forecaster at Commodity Weather Group in Bethesda, Maryland, said by phone today. Coffee has rallied the past two days only to end lower.