Coffee ETN Burns Up as Heatwave Threatens Brazilian Harvest

From finance.yahoo.com

This article was originally published on ETFTrends.com.

Coffee prices and related exchange traded note perked up Thursday as Brazilian farmers grow increasingly worried over the prospects of a record robust-coffee harvest in face of blazing heat withering the crops.

The iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) increased 3.9% on Thursday while ICE coffee futures rose 3.7% to $1.0590 per pound.

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