Coffee Futures Trading Higher

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December New York Coffee is trading at 159.50, up 1.60 cents/lb.March New York Coffee is trading at 162.90, up 1.50 cents/lb.New York Coffee futures are trading just under the session highs. Market chatter about weather forecasts for Brazil's coffee growing region is making the rounds. The Vietnam Coffee and Cocoa Association has estimated Vietnam's 2016-2017 coffee production at 1.3 million tonnes down about 20 percent versus last year.

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