September arabica coffee (KCU25)on Tuesday closed up +10.15 (+3.52%), and September ICE robusta coffee (RMU25) closed down -9 (-0.26%).
Coffee prices on Tuesday settled mixed. Arabica coffee settled sharply higher for a second day on Tuesday due to below-average rainfall in Brazil. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 2.7 mm of rain during the week ended August 2, only 31% of the historical average. However, robusta coffee was under pressure Tuesday on forecasts for widespread showers this week in Vietnam, which should boost crop yields in the world's largest robusta producer.
