Crop Damage Gives Coffee ETNs a Jolt
June 06, 2016 at 13:47 PM EDT
The coffee market and related exchange traded notes are experiencing wild swings as traders assess the extent of weather damage in Brazil, the world’s largest producer of coffee beans. The iPath Bloomberg Coffee Subindex Total Return ETN (NYSEArca: JO) jumped 3.4% on Monday after surging 3.8%...