Nasdaq Stocks

Confirmation of El Niño Weather Pattern Lifts Coffee Prices

July arabica coffee (KCN26 ) on Wednesday closed up +4.00 (+1.64%), and July ICE robusta coffee (RMN26 ) closed up +61 (+1.85%). Coffee prices settled sharply higher on Wednesday as short covering emerged after the Japan Meteorological Agency confirmed an El Niño weather pattern had formed across the equatorial Pacific....

July arabica coffee (KCN26 ) on Wednesday closed up +4.00 (+1.64%), and July ICE robusta coffee (RMN26 ) closed up +61 (+1.85%). Coffee prices settled sharply higher on Wednesday as short covering emerged after the Japan Meteorological Agency confirmed an El Niño weather pattern had formed across the equatorial Pacific....