(Bloomberg) -- Coffee in New York rose to a three- week high on forecasts for cooler, wetter weather in the main growing areas in Brazil, the world's biggest producer.
A cold front will likely reach the states of Minas Gerais and Sao Paulo on May 23 or May 24, said Joel Burgio, a meteorologist with Meteorlogix LLC in Woburn, Massachusetts. While the cooler temperatures don't pose a significant threat to Brazil's coffee crop, the Southern Hemisphere winter starts next month, raising the risk of a damaging freeze, Burgio said.
Read more at Bloomberg Commodities News
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