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Barchart
Rich Asplund

Arabica Coffee Posts Moderate Gains on Brazil Weather Concerns

Brazil Ice Vietnam Somar Meteorologia International Coffee Organization USDA Volcafe

July arabica coffee (KCN24) on Thursday closed up +1.70 (+0.76%), and July ICE robusta coffee (RMN24) closed down -19 (-0.45%).

Coffee prices Thursday settled mixed.  Arabica coffee rose on the limited rain outlook for Brazil's coffee-growing regions over the next week.  Somar Meteorologia reported Monday that Brazil's Minas Gerais region received no rain in the past week.  Minas Gerais accounts for about 30% of Brazil's arabica crop.

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