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Barchart

Rich Asplund

Brazil Dryness and Brazilian Real Strength Push Coffee Prices Higher

Ice Brazil arabica Vietnam FAs StoneX

May arabica coffee (KCK26) ton Monday closed up +0.75 (+0.25%), and May ICE robusta coffee (RMK26) closed up +27 (+0.81%).

Coffee prices settled higher on Monday, with arabica climbing to a 2-week high. Below-average rainfall in Brazil may curb coffee yields and is bullish for prices after Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 4.2 mm of rain last week, or only 20% of the historical average.

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