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Barchart
Rich Asplund

Below-Normal Brazil Rain Boosts Arabica Coffee to New Record High

Brazil Ice USDA Conab Vietnam ICO the USDA FAS Volcafe

March arabica coffee (KCH25) today is up +22.10 (+5.47%), and March ICE robusta coffee (RMH25) is up +134 (+2.41%).

Coffee prices today are climbing, with arabica coffee up sharply at a new all-time nearest-futures high.  Below-normal rain in Brazil has heightened coffee crop concerns and boosted coffee prices after Somar Meteorologia reported today that Brazil's biggest arabica coffee growing area of Minas Gerais received 53.9 mm of rain last week, or 85% of the historical average.  Brazil is the world's biggest arabica coffee growing country.

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