Brazilian farmers had harvested around 35% of the 2022 coffee crop by June 21, a slower pace compared to last year and the historical average for this time of the year, consultancy Safras & Mercado said on Thursday. The delay is hurting Brazil coffee exports, Safras' analyst Gil Barabach said, leading to higher spot prices for top quality coffees. Last year, farmers had harvested 40% of the coffee fields by this time.
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Yahoo Finance's Jared Blikre takes a look at markets in the red heading into the day's final trading hour, the bond market, sector gains and losses, the software and semiconductor spaces, and commodity price actions.