Arabica Coffee Resumes Climb As Brazil Remains Dry; Orange Juice Up

  NEW YORK - Arabica-coffee futures bounced back Friday after plunging more than 5% in the previous

session, as dry weather in top grower Brazil continued to fuel worries over crop damage this year.

  Arabica for delivery in March on ICE Futures U.S. was up 2.9% at $1.3965 a pound, after hitting as

low as $1.3510 a pound earlier in the session.

  Temperatures will likely remain above normal and rainfall will be limited over the next five days,

which could deplete soil moisture and cause production losses, weather forecaster DTN said.

Brazil is the source of around one-third of the world's coffee.

  Despite the weather threat, global supplies of coffee are expected to rise by 0.5% to 145.8

million 60-kilogram bags in the 2013-14 crop year, which began Oct. 1, according to an estimate of

the International Coffee Organization.

  Frozen orange-juice concentrate for March was up 0.8% at $1.4660 a pound. Cocoa for March was 0.7%

higher at $2,906 a ton. A close above $2,918 a ton would be the highest since September 2011.

Cotton for March was up 0.4% at 86.67 cents a pound.