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Rich Asplund

Coffee Prices Climb Amid Below Normal Rainfall in Brazil

Ice Brazil arabica Somar Meteorologia Vietnam FAs StoneX

May arabica coffee (KCK26) today is up +1.60 (+0.53%), and May ICE robusta coffee (RMK26) is up +27 (+0.81%).

Coffee prices are moving higher today, with arabica climbing to a 2-week high. Below-average rainfall in Brazil may curb coffee yields and is pushing prices higher today. Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 4.2 mm of rain last week, or only 20% of the historical average.

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