
Dec arabica coffee (KCZ23) on Thursday closed down -2.05 (-1.37%), and Nov ICE robusta coffee (RMX23) closed up +22 (+0.90%).
Coffee prices Thursday settled mixed, with arabica falling to a 3-week nearest-futures low. Forecasts for rain this week and next in Brazil's coffee-growing areas are weighing on arabica coffee prices. Recent weakness in the Brazilian real is also bearish for coffee prices after the real (^USDBRL) fell to a 3-3/4 month low against the dollar on Wednesday, encouraging export selling by Brazil's coffee producers.