Coffee futures prices surged 1.8% on Tuesday, hitting $2.34/lb, driven by concerns over Brazil's upcoming harvest amid persistent drought. Traders are watching supply-side risks closely, with speculative positions increasing in ICE Futures. Short-term price momentum suggests bullish sentiment if weather conditions remain unfavorable. Richard Etkin, a longtime Miami-based coffee trader and analyst, said prices reflect "uncertainty of historic proportions," which has left everyone from suppliers to traders, brokers, roasters and retailers reluctant to do business. Shell's US executive says Trump's halting of wind projects harms investment, FT reports