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Barchart
Barchart
Rich Asplund

Arabica Coffee Soars to a 13-Year High on Brazil Crop Concerns

Brazil Ice USDA Vietnam Cecafe the International Coffee Organization the USDA FAS

December arabica coffee (KCZ24) today is up +4.45 (+1.65%), and November ICE robusta coffee (RMX24) is up +101 (+1.85%).

Coffee prices today extended this week's sharp rally, with Dec arabica soaring to a 13-year nearest-futures high and Nov robusta climbing to a contract high.  Adverse weather in key coffee-producing countries may curb global coffee production and has spurred fund buying of coffee futures.

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