Coffee Rises as Brazil's Harvest May Be at Low End of Government Estimates

(Bloomberg) -- Coffee rose in New York to the
highest in more than seven weeks on speculation that this year's
crop in Brazil, the world's largest producer, will be at the low
end of government estimates.

Brazil's Census Bureau has forecast the harvest that runs
through October will be 37.5 million bags, while the
government's National Commodity Supply Corp., known as Conab,
estimated production would be 32.1 million bags. Exporters are
lowering their forecasts in line with Conab's estimates, said
Jack Scoville, vice president of Price Futures Group in Chicago.


Read more at Bloomberg Commodities News