date:Apr 01, 2014
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The rally is snapping the longest contraction in prices in 14 years, a slump caused by rising supplies. Now, Brazils worst drought in decades is threatening coffee, sugar and citrus crops as U.S. farmers contend with dry and freezing weather. The two represent about a sixth of global trade in farm goods. Futures markets are responding, exchanging cattle and hogs at record prices and adding 62% to the cost of coffee.
Last year, people believed that things were back to normal, and that we w