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Barchart
Barchart
Rich Asplund

Arabica Coffee Climbs on Brazil Weather Concerns

Brazil Ice Vietnam International Coffee Organization the USDA FAS USDA Volcafe

July arabica coffee (KCN24) today is up +1.50 (+0.67%), and July ICE robusta coffee (RMN24) is down -19 (-0.45%).

Coffee prices today are mixed.  Arabica coffee is climbing on concern that dry conditions in Brazil will continue with the outlook for limited rain chances in Brazil's coffee-growing regions over the next week.    Somar Meteorologia reported Monday that Brazil's Minas Gerais region received no rain in the past week.  Minas Gerais accounts for about 30% of Brazil's arabica crop.  Robusta coffee is under pressure today after ICE-monitored robusta coffee inventories rose to an 11-month high of 5,796 lots.

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