As the year winds down, coffee merits close watching as a potential long-term contracting opportunity. Brazil got enough rain to avert most drought-related damage, ensuring a record-large crop in excess of 50 million bags. The International Coffee Organization pegged 2012-2013 world production at 147 million bags, up 9.3 percent from the prior year, and projected a supply surplus for the first time in five years. Coffee futures, which were $1.83 per pound Oct. 3, closed out November ...

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