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Rich Asplund

Arabica Coffee Closes Higher on Limited Rain in Brazil

Brazil Ice Vietnam Somar Meteorologia USDA ICO the USDA FAS United Kingdom Volcafe

December arabica coffee (KCZ24) on Monday closed up +2.35 (+0.95%).  Sep ICE robusta coffee (RMU24) did not trade on Monday, with markets in the UK closed for a holiday.

Arabica coffee moved higher on Monday due to scant rainfall in Brazil.  Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 0.6 mm of rain or 8% of the historical average last week.  Minas Gerais accounts for about 30% of Brazil's arabica crop.

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