1. An accord comes after several months of negotiations among producers and speculation the group would break apart because of a larger than anticipated Brazilian harvest. 2. Bean prices fell early on news the Brazilian harvest was progressing rapidly and would help ease tight supplies. 3. Coffee prices surged Monday after a U.S. report that predicted a steep drop in the Brazilian coffee harvest next year following recent heavy frosts. 4. Coffee could hold steady as traders monitor the Brazilian harvest and watch for weather that threatens future crops. 5. Coffee futures could fall next week as an abundant Brazilian harvest and reduced threat of frost ease concern that world supplies are too low. 6. Coffee prices rose after the Agriculture Department cut its estimate for the size of the Brazilian harvest because of damage from frost and a drought. 7. Others blame the deficit on poor Brazilian harvests and delays in shipments from Asia. 8. Prospects of a bumper Brazilian harvest, and limited impact of the Colombian strike, accounted for that fall, traders said. 9. Soybean futures prices fell sharply after a government report reinforced a belief that a bumper Brazilian harvest would relieve the pressure on tight American supplies. 10. With crops from other countries already shipped or smaller than expected, traders are waiting for the Brazilian harvest to replenish stockpiles. |