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Barchart
Barchart
Rich Asplund

Coffee Prices Fall on Beneficial Rain in Brazil

Ice Brazil DEC NOV ICO Vietnam USDA FAS

Dec arabica coffee (KCZ23) this morning is down -1.60 (-0.99%), and Nov ICE robusta coffee (RMX23) is down -16 (-0.63%).

Coffee prices this morning are moderately lower, with arabica falling to a 1-week low.  Coffee prices are being undercut by the outlook for favorable rains in Brazil, which would support coffee yields.  Forecaster Maxar Technologies said Brazil will receive moderate showers over the next five days.

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