Coffee ETN Jumps as Brazil’s Top Grower Warns of Supply Concerns
October 18, 2019 at 14:51 PM EDT
Coffee prices and related exchange traded note surged Friday after Brazil’s top grower warned it was running out of beans to fill any new orders. The iPath Series B Bloomberg Coffee Subindex Total Return ETN (NYSEArca: JO) jumped 3.6% on Friday as ICE coffee futures advanced 3.0% to $9.57 per...