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Barchart
Barchart
Rich Asplund

Coffee Prices Plunge on Rain Forecasts for Brazil

Ice Brazil USDA Vietnam Cecafe the International Coffee Organization

December arabica coffee (KCZ24) today is down -12.40 (-4.74%), and November ICE robusta coffee (RMX24) is down -208 (-3.96%).

Coffee prices today sold off sharply as forecasts for rain in Brazil have sparked fund liquidation of coffee futures.  The two-week Global Forecast System model shows rain moving into Brazil's coffee-growing regions next week during the all-important flowering period for Brazil's coffee trees.

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