date:Sep 25, 2015
e the reduced demand for the grain implied by the ethanol production data.
Real decline continues
In Brazil the real debacle showed no signs of stopping, as the currency discovered new all-time lows against the dollar, with fresh discussions of a move to impeach President Dilma Rousseff fuelling the sell-off.
The real reached more than 4.1 to the dollar, up 2% on the day.
The falling real saw coffee prices make new recent lows, but they rebounded in late day buying.
Almost in a free fall
J