Wednesday, July 11, 2007

Coffee Rises jn New York on Concern Cooler Brazilian Weather May Hurt Crop

(Bloomberg) -- Coffee rose for the second straight
day in New York as forecasts for cooler weather in Brazil
spurred speculation that frost may hurt crops.

Temperatures are expected to turn lower in the next two
days, according to Meteorlogix LLC in Woburn, Massachusetts.
They still will remain above 50 degrees Fahrenheit (10 degrees
Celsius) and there is no threat of frost, the forecaster said.
Brazil is the world's biggest coffee producer. Futures climbed
1.6 percent yesterday.


Read more at Bloomberg Commodities News

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