Coffee Futures Recover as Traders Watch Weather

After plunging to a nearly two-year low, futures for arabica coffee have bounced back as the weather in South America threatens this year’s crop. Most-active coffee futures are up in Friday’s session, rising 3.3% to $1.8615 a pound on the Intercontinental Exchange. Coffee prices have climbed over 6% in the past five trading days, and nearly 30% since finding their lowest level in nearly two years last month. The change is driven by an increasingly strained outlook for weather in South America. W