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Coffee ETN Burns Up as Heatwave Threatens Brazilian Harvest


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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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