Commodities Corner: Coffee futures soar 10%, score biggest 1-day gain in over 7 years

Coffee futures moved up by 10% on Thursday, with prices posting their largest single-session gain since early 2014 and their highest settlement in more than six years as drought and frost threaten coffee crops in Brazil, the world’s largest coffee producer.

Coffee futures moved up by 10% on Thursday, with prices posting their largest single-session gain since early 2014 and their highest settlement in more than six years as drought and frost threaten coffee crops in Brazil, the world’s largest coffee producer.