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Rich Asplund

Arabica Coffee Rises on Technical Short Covering

Ice Brazil Somar Meteorologia FAs Vietnam

March arabica coffee (KCH26) on Monday closed up +1.00 (+0.30%), and March ICE robusta coffee (RMH26) closed down -84 (-2.04%).

Coffee prices settled mixed on Monday, with robusta falling to a 4-week low. Above-average rainfall in Brazil is positive for coffee yields but negative for prices. Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 69.8 mm of rain during the week ended January 30, or 117% of the historical average.

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