
May arabica coffee (KCK25) today is up +7.75 (+2.05%), and May ICE robusta coffee (RMK25) is up +102 (+1.89%).
Coffee prices today are moderately higher, supported by dry conditions in Brazil and strength in the Brazilian real. Somar Meteorologia reported today that Brazil's biggest arabica coffee growing area of Minas Gerais received 30.8 mm the week ended March 15, or 71% of the historical average. Also, the Brazilian real (^USDBRL) rallied to a 3-1/2 week high today against the dollar, discouraging export selling from Brazil's coffee producers.