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Barchart
Rich Asplund

Coffee Price Slide as Drought Concerns Ease in Brazil

Ice Brazil Drought Vietnam USDA Cecafe the USDA FAS

December arabica coffee (KCZ24) today is down -3.00 (-1.22%), and January ICE robusta coffee (RMF25) is down -96 (-2.20%).

Coffee prices today extended this week's sell-off, with arabica falling to a 2-month low and robusta sliding to a 2-3/4 month low.  Coffee prices are under pressure as forecasts for rain in Brazil eased drought concerns.  Meteorologist Climatempo said heavy rains are expected in Brazil's Minas Gerais region beginning on Saturday.  Minas Gerais is Brazil's largest arabica coffee-producing area,

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