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Barchart
Barchart
Rich Asplund

Coffee Prices Climb on Drier Brazil Weather Forecasts

Ice Brazil Climatempo United States European Union Vietnam FAs

March arabica coffee (KCH26) today is up +5.60 (+1.50%), and January ICE robusta coffee (RMF26) is up +10 (+0.23%).

Coffee prices recovered from early losses today and turned higher due to dry weather forecasts for Brazil and a stronger Brazilian real.  Climatempo said today that dry conditions and rising temperatures will prevail in Brazil's key coffee-growing regions into next week.  Strength in the Brazilian real (^USDBRL) is also positive for coffee prices as the real rallied to a 2.5-week high against the dollar today, discouraging export selling from Brazil's coffee producers.

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