DJ MARKET TALK: Arabica Coffee Hits Nearly 34-Year High
10:36 (Dow Jones) ICE arabica coffee hits a near 34-year high, but sideways trading is seen--and a selloff is possible, analysts say--until the market is infused with new supply information from producer nations. The benchmark May contract was recently trading 0.2% higher at $2.7520/pound after hitting an intraday high of $2.7920.