A Cheaper Cup of Joe Is Brewing as Coffee Falls to 29-Month Low
- Futures slump as Brazil’s output goes up, currency weakens
- Starbucks, Nestle may benefit from declining bean costs
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As Brazil’s football team gains in the World Cup, one of the nation’s main commodity exports is suffering.
Coffee futures extended a slump to a 29-month low as Brazil’s real continued to slide against the dollar, boosting the appeal of export sales priced in the greenback.