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Rich Asplund

Adverse Weather in Brazil and Vietnam Pushes Coffee Prices Higher

Ice Brazil United States Vietnam Somar Meteorologia Donald Trump Conab FAs

March arabica coffee (KCH26) today is up +4.55 (+1.21%), and January ICE robusta coffee (RMF26) is up +105 (+2.36%).

Coffee prices are sharply higher today as adverse weather bolsters concerns over global coffee crops. Arabica coffee has support due to dryness concerns in Brazil. On Monday, Somar Meteorologia reported that Brazil's largest arabica coffee-growing area, Minas Gerais, received 26.4 mm of rain during the week ended November 21, or 49% of the historical average.

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