
December arabica coffee (KCZ24) Friday closed down -3.55 (-1.43%). November ICE robusta coffee (RMX24) closed up +47 (+0.196).
Coffee prices Friday settled mixed, with Nov robusta posting a contract high and nearest-futures (U24) robusta posting a record high. Coffee has support from excessive dryness in Brazil that may cause premature flowering of coffee trees and reduce yields for Brazil's 2024/25 coffee crop. According to the natural disaster monitoring center Cemaden, Brazil has been facing the driest weather since 1981, and there is no rain in the forecast until mid-September when coffee trees usually flower.