Commodities
Volatile High-End Coffee Bean Market Can’t Make Up Its Mind
- Weather in top producer shifts from heat to pouring rain
- Certified stockpiles seen at bottom as beans await grading
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Volatility in arabica coffee futures is soaring as rapidly shifting weather in top grower Brazil and a focus on depleted stockpiles drives sharp price swings for the high-end beans.
The most-active futures contract rose as much as 4.1% in intraday trading Monday, rebounding after two days of declines. The 30-day price volatility is now the widest since late February.