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Rich Asplund

Coffee Prices Finish Moderately Higher on Brazil Crop Concerns

Ice Brazil USDA Vietnam Cecafe International Coffee Organization the USDA FAS

December arabica coffee (KCZ24) Thursday closed up +4.80 (+1.78%), and November ICE robusta coffee (RMX24) closed up +81 (+1.49%).

Coffee prices Thursday extended this week's sharp rally, with Dec arabica soaring to a 13-year nearest-futures high and Nov robusta climbing to a contract high.  Adverse weather in key coffee-producing countries may curb global coffee production and has spurred fund buying of coffee futures.

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