date:Jun 10, 2014
orst drought in five decades spurred losses on the country's coffee crop. For the week through June 3, speculative long positions, or bets prices will rise, outnumbered short positions by 40,687 contracts on ICE Futures U.S., formerly known as the New York Board of Trade, according to data from the Washington-based Commodity Futures Trading Commission.
Smucker, the maker of the best-selling U.S. coffee brand Folgers, said June 3 that it increased coffee prices by an average of 9% after bean cos