A Conundrum for the Coffee ETN Because of Brazil
April 06, 2020 at 11:33 AM EDT
The iPath Series B Bloomberg Coffee Subindex Total Return ETN (NYSEArca: JO) slipped 3.40% last Friday, extending its year-to-date slide to 13.44% and it’s easy to understand why the java exchange traded note (ETN) is struggling, Brazil, the world’s largest coffee producer, is...