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Barchart
Barchart
Rich Asplund

Coffee Prices Fall on Economic Gloom and Favorable Brazilian Weather

Ice Brazil United States Vietnam Cooxupe Somar Meteorologia the US Climate Prediction Center USDA FAS

July arabica coffee (KCN23) today is down -2.80 (-1.63%), and July ICE robusta coffee (RMN23) is down -42 (-1.50%).

NY arabica coffee today extended this week's sell-off to a 3-month low, while robusta remains above Wednesday's 1-1/2 week low.  Coffee prices are being undercut by global economic gloom sparked by today's weak U.S. and Eurozone purchasing managers reports.

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