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Rich Asplund

Arabica Coffee Prices Slip on Brazil Coffee Crop Optimism

Ice Brazil Somar Meteorologia Conab the USDA FAS Vietnam Oil Rabobank United States Volcafe

July arabica coffee (KCN25) today is down -1.40 (-0.36%), and July ICE robusta coffee (RMN25) is up +142 (+2.77%).

Coffee prices today are mixed. Arabica coffee is under pressure as above-normal rain in Brazil has boosted soil moisture levels and is bearish for coffee prices. Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais, received 38.7 mm of rain in the week ended April 19, or 490% of the historical average.

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