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Barchart
Barchart
Rich Asplund

Coffee Prices Plunge on Rain Forecasts for Brazil

Ice Brazil arabica Cecafe United States Vietnam Conab FAs

December arabica coffee (KCZ25) on Wednesday closed down -33.70 (-8.23%), and November ICE robusta coffee (RMX25) closed down -331 (-6.92%).

Coffee prices plunged on Wednesday, with arabica posting a 1-week low.  Long liquidation pressures hammered coffee prices, spurred on by forecasts for showers in Brazil's coffee-growing regions beginning next week.

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