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Rich Asplund

Arabica Coffee Rallies Due to Below Normal Precipitation in Brazil

Brazil Ice Somar Meteorologia United States Donald Trump Vietnam Conab FAs Minas Gerais

March arabica coffee (KCH26) today is up +7.40 (+2.00%), and January ICE robusta coffee (RMF26) is down -12 (-0.27%).

Coffee prices are mixed today. Arabica coffee is moving higher today due to dryness concerns in Brazil after Somar Meteorologia reported that Brazil's largest arabica coffee-growing area, Minas Gerais, received 26.4 mm of rain during the week ended November 21, or 49% of the historical average.

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