Hedge funds are betting your morning cup of coffee is going to get cheaper, even as prices head for a sixth straight monthly loss.
Arabica-coffee futures tumbled in 2015 as ample rains boosted crops in Brazil, the world’s biggest producer and exporter. That’s lowering costs for Starbucks Corp. and J.M. Smucker Co., the maker of Folgers brands. Money managers have stayed bearish for 18 straight weeks.
Coffee gets cheaper as rains boost supplies | Miami Herald
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