(Bloomberg) -- Coffee fell in New York after Brazil
and Colombia sold beans to take advantage of a three-week rally.
Futures had jumped 15 percent since May 1 to a three-month
high on June 4. Brazil, the world's biggest coffee grower, and
Colombia, the third-largest, are locking in prices after some
sales by speculators, said George Saffadi, a trader with Olam
Americas Inc. in White Plains, New York.
Read more at Bloomberg Commodities News
and Colombia sold beans to take advantage of a three-week rally.
Futures had jumped 15 percent since May 1 to a three-month
high on June 4. Brazil, the world's biggest coffee grower, and
Colombia, the third-largest, are locking in prices after some
sales by speculators, said George Saffadi, a trader with Olam
Americas Inc. in White Plains, New York.
Read more at Bloomberg Commodities News
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