
December arabica coffee (KCZ24) Friday closed up +2.15 (+0.84%), and November ICE robusta coffee (RMX24) closed up +17 (+0.36%).
Coffee prices Friday settled higher after updated weather forecasts reduced the chances of rain in Brazil. Short covering emerged in coffee futures Friday after Meteorologist Climatempo said showers in Minas Gerais are now expected to be scattered over the next week, down from a previous forecast of widespread showers. A weaker dollar (DXY00) Friday also boosted short covering in coffee.