
March arabica coffee (KCH24) on Monday closed up +1.80 (+0.95%), and Jan ICE robusta coffee (RMF24) closed down -33 (-1.16%).
Coffee prices on Monday settled mixed. Arabica coffee has support as ongoing dry weather in Brazil risks damaging coffee crops. On Monday, Somar Meteorologia reported that Brazil's Minas Gerais region received only 35.1 mm of rainfall in the past week, or 65% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop. Robusta coffee on Monday fell moderately as prices consolidated below last Friday's 5-1/2 month high.