Brazil Drought Supporting Coffee ETNs, with Futures Trading at 2-Year High

Drought conditions in Brazil has pushed up coffee exchange traded notes, with coffee futures trading at two-year highs. The iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (NYSEArca: JO) and iPath Pure Beta Coffee ETN (NYSEArca: CAFÉ) both gained 3.4% Thursday. Coffee has been the best...
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