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Rich Asplund

Brazil Rains and Brazilian Real Weakness Knock Coffee Prices Lower

Ice Brazil Climatempo United States Vietnam Conab FAs

December arabica coffee (KCZ25) today is down -4.50 (-1.19%), and November ICE robusta coffee (RMX25) is down -91 (-1.99%).

Coffee prices are sliding today, with arabica falling to a 1-week low. Coffee prices are under pressure today due to forecasts for rain in Brazil's coffee-growing regions. Climatempo stated that some areas of Minas Gerais are expected to receive a "significant amount" of rain, up to 30 mm, which is expected to promote coffee flowering.

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