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Coffee’s Brazil-Election Buzz Might Not Last

From www.bloomberg.com

What drives commodity prices? Supply and demand, or currency movements?

For once we’re not talking about the U.S. dollar, a swing factor for the price of oil, industrial metals and gold. In agricultural markets, the Brazilian real is a key proxy for the value of coffee and sugar — so keep an eye on the cost of your pumpkin spice latte for shock waves from the election Sunday of far-right candidate Jair Bolsonaro in Brazil’s presidential contest.

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