Coffee Futures Hit 2-1/2-Week Lows as Supply Prospects Improve
ICE coffee futures fell to 2-1/2-week lows as supply prospects improved; the Brazilian real remained weak overall after a surprise election result.
Coffee futures on ICE hit 2-1/2 week lows on Wednesday as supply prospects improved and the Brazilian real currency FX_IDC:USDBRL remained weak overall after this weekend's surprise election result.A weak real encourages mills, farmers and exporters in top sugar and coffee grower Brazil to sell dol…