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Rich Asplund

Arabica Coffee Prices Erase an Early Rally on Rain Forecasts for Brazil

Ice Brazil Vietnam United States Conab FAs

December arabica coffee (KCZ25) today is down -4.90 (-1.23%), and November ICE robusta coffee (RMX25) is up +20 (+0.45%).

Coffee prices gave up an early advance today and turned mixed, with arabica retreating from a 4-week high. Updated weather forecasts are calling for rain later this week in Brazil's coffee-growing regions, sparking a surge in liquidation of coffee futures.

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