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Barchart
Barchart
Rich Asplund

Coffee Price Slip on Forecasts for Rain in Brazil

Ice Brazil Climatempo Vietnam USDA El Nino ICO USDA FAS

March arabica coffee (KCH24) this morning is down -0.55 (-0.32%), and Jan ICE robusta coffee (RMF24) is down -20 (-0.83%).

Coffee prices this morning are moderately lower.  Forecasts for heavy and widespread rain in Brazil is easing dryness concerns and weighing on coffee price.  Climatempo said today that Brazil should get beneficial rainfall in the first weeks of December, easing market concerns after extreme heat and dryness in mid-November.  

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