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Barchart
Barchart
Rich Asplund

Arabica Coffee Finishes Higher as Rain Chances Slip for Brazil’s Minas Gerais

Brazil Ice Minas Gerais USDA Vietnam Cecafe the International Coffee Organization

December arabica coffee (KCZ24) Wednesday closed up +1.30 (+0.51%), and November ICE robusta coffee (RMX24) closed down -50 (-1.02%).

Coffee prices Wednesday settled mixed.  Short covering emerged in coffee futures Wednesday, with arabica climbing into positive territory after updated weather forecasts reduced the chance of rain this weekend in Minas Gerais, Brazil's prominent arabica coffee growing region.

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