
Dec arabica coffee (KCZ23) this morning is down -2.00 (-1.34%), and Nov ICE robusta coffee (RMX23) is up (+1.02%).
Coffee prices this morning are mixed, with arabica falling to a 3-week nearest-futures low. Forecasts for rain this week and next in Brazil's coffee-growing areas are weighing on arabica coffee prices. Recent weakness in the Brazilian real is also bearish for coffee prices after the real (^USDBRL) fell to a 3-3/4 month low against the dollar on Wednesday, encouraging export selling by Brazil's coffee producers.