Brazil Drought Supporting Coffee ETNs, with Futures Trading at 2-Year High
April 10, 2014 at 16:02 PM EDT
Drought conditions in Brazil has pushed up coffee exchange traded notes, with coffee futures trading at two-year highs. The iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (NYSEArca: JO) and iPath Pure Beta Coffee ETN (NYSEArca: CAFÉ) both gained 3.4% Thursday. Coffee has been the best...
