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Barchart
Barchart
Rich Asplund

Coffee Prices Fall Sharply on Favorable Brazilian Weather

Ice Brazil the USDA FAS Vietnam the US Climate Prediction Center

July arabica coffee (KCN23) Wednesday closed down -5.45 (-3.07%), and July ICE robusta coffee (RMN23) closed down -48 (-1.71%).

Coffee prices plunged for the second straight session on forecasts for favorable weather in Brazil that eased frost fears and would allow farmers to continue the country's coffee harvest.  Heavy rain last week may have delayed some of Brazil's coffee harvest, but updated forecasts call for dry conditions this week and next.

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