Coffee ETN Surges, Reversing Heavy August Decline

A coffee-related exchange traded note climbed Friday after coffee futures hit six-week lows. The iPath Bloomberg Coffee Subindex Total Return ETN (NYSEArca: JO) increased 3.3% Friday after falling 6.7% over the past month. JO has declined 15.2% year-to-date. Coffee futures have been weakening on...
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