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Barchart
Barchart
Rich Asplund

Brazil Harvest Pressures Weigh on Coffee Prices

Ice Brazil DEC NOV Vietnam El Nino ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) this morning is down -1.35 (-0.90%), and Nov ICE robusta coffee (RMX23) is down -2 (-0.08%).

Coffee prices this morning are moderately lower, with arabica falling to a 2-week low.  Harvest pressures are weighing on coffee prices as Brazil nears the end of its coffee harvest.  This has sparked some selling of coffee in the cash market as Brazil's coffee farmers sell their current inventories to make room for the newly harvested coffee.

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