An emerging La Nina weather system may cut the coming year’s Brazilian coffee harvest, potentially resulting in a surge in prices according to press reports. Global coffee exports are already in decline with a 6.6% drop in August following a 12.7% slide in July. Brazil’s exports fell by 2.2% in August. The drop is not evenly distributed across buyers with exports from Brazil linked to Starbucks down by 64.9% year over year in July due to reduced food service sales linked to COVID-19. Firms with a retail focus have done somewhat better with shipments linked to JDE Peets down by a more mod...