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Barchart
Barchart
Rich Asplund

Coffee Prices Fall as Rain in Brazil Improves Coffee Crop Prospects

Ice Brazil Commodity Weather Group USDA Vietnam Cecafe International Coffee Organization the USDA FAS

December arabica coffee (KCZ24) today is down -5.60 (-2.07%), and November ICE robusta coffee (RMX24) is down -76 (-1.38%).

Coffee prices today are moderately lower, with arabica falling to a 1-week low.  The Commodity Weather Group said today that showers in Brazil have boosted the flowering of coffee trees and improved soil moisture levels, improving Brazil's coffee crop prospects and undercutting prices.  

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