Arabica coffee climbs as Brazil's currency strengthens.
Arabica coffee futures on ICE climbed on Wednesday, pulling away from the prior session's three-month low, boosted by a stronger currency in top-grower Brazil, while cocoa rose for its third positive finish in 22 sessions.
December arabica coffee settled up 1.4 cent, or 1.5 percent, at 96.65 cents per lb. The market was supported by a firmer currency in Brazil, which helped the contract pull away from the three-month low of 93.40 cents hit on Tuesday. A stronger Brazilian currency discourages producer selling of dollar-denominated commodities such as...
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