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Barchart
Barchart
Rich Asplund

Coffee Prices Climb as Forecasts Call for Limited Rain in Brazil

Ice Brazil Vietnam USDA International Coffee Organization

May arabica coffee (KCK24) on Tuesday closed up +3.45 (+1.92%), and May ICE robusta coffee (RMK24) closed up +57 (+1.89%).

Coffee prices on Tuesday recovered from 5-week lows and closed moderately higher.  Short covering emerged in coffee futures Tuesday after updated weather forecasts called for limited rain in Brazil's coffee-growing regions over the next ten days.  

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