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Barchart
Barchart
Rich Asplund

Arabica Coffee Plunges on Forecasts for Rain in Brazil

Brazil Ice Vietnam ICO

March arabica coffee (KCH24) this morning is down -11.50 (-5.68%), and Jan ICE robusta coffee (RMF24) is up +56 (+1.89%).

Coffee prices this morning are mixed, with robusta posting an all-time high.   Arabica coffee plunged today after forecasts for rain in Brazil sparked long liquidation pressures in arabica coffee futures.  Climatempo today said that Brazil's coffee-growing regions will get intense showers this week and more widespread rain later this month.

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