
May arabica coffee (KCK24) this morning is up +4.60 (+2.22%), and May ICE robusta coffee (RMK24) is down -13 (-0.35%).
Coffee prices this morning are mixed, with arabica climbing to a new 5-3/4 month high. Arabica coffee prices have support by concern that recent heavy rain in Brazil's coffee-growing regions may have damaged coffee crops. Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 75.4 mm of rainfall in the past week, or 335% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop.