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Rich Asplund

Coffee Prices Jump as Persistent Rain in Brazil Delays the Coffee Harvest

Ice Brazil Vaisala FAs Vietnam StoneX

July arabica coffee (KCN26) today is up +5.40 (+2.17%), and July ICE robusta coffee (RMN26) is up +107 (+3.19%).

Coffee prices rallied sharply to 1-week highs today on concern that persistent rain in Brazil will delay the coffee harvest. Forecaster Vaisala said moderate to heavy rainfall is forecast across Brazil’s coffee-growing regions this week, and the showers could extend into next week.

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