(Bloomberg) -- Coffee declined for the fifth straight
session in New York as forecasts for warm, dry weather eased
concerns that frost would damage the crop in Brazil, the world's
largest producer.
Temperatures in Brazil's coffee-growing areas are expected
to be near to above normal, with lows around 55 degrees
Fahrenheit (13 degrees Celsius), according to Meteorlogix LLC in
Woburn, Massachusetts. A ridge of high pressure over northern
Argentina is expected to move across southern Brazil this week,
posing no threat to the coffee belt, the forecaster said.
Read more at Bloomberg Commodities News
session in New York as forecasts for warm, dry weather eased
concerns that frost would damage the crop in Brazil, the world's
largest producer.
Temperatures in Brazil's coffee-growing areas are expected
to be near to above normal, with lows around 55 degrees
Fahrenheit (13 degrees Celsius), according to Meteorlogix LLC in
Woburn, Massachusetts. A ridge of high pressure over northern
Argentina is expected to move across southern Brazil this week,
posing no threat to the coffee belt, the forecaster said.
Read more at Bloomberg Commodities News
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