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Rich Asplund

Coffee Prices Have Continued Support From Shipping Threats

Ice arabica Brazil Somar Meteorologia FAs Vietnam

May arabica coffee (KCK26) on Monday closed up +3.60 (+1.23%), and May ICE robusta coffee (RMK26) closed down -1 (-0.03%).

NY arabica coffee prices on Monday posted a new 3-week high and closed higher. As a bullish factor, Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 14.9 mm of rain last week, or 35% of the historical average.

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