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Barchart
Barchart
Rich Asplund

Coffee Posts Moderate Losses on Forecasted Rain for Brazil

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Dec arabica coffee (KCZ23) on Friday closed down -5.15 (-2.92%), and Jan ICE robusta coffee (RMF24) closed down -45 (-1.75%).

Coffee prices on Friday settled moderately lower, with arabica falling to a 1-1/2 week low.  Arabica coffee on Friday retreated for the second day on long liquidation pressures due to forecasts for rain in Brazil early next week, which should boost soil moisture levels and improve coffee yields.

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