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Barchart
Barchart
Rich Asplund

Coffee Prices Post Moderate Losses on Rain Forecasts for Brazil

Ice Brazil Vietnam the USDA FAS Cecafe ICO the International Coffee Organization USDA

December arabica coffee (KCZ24) Thursday closed down -2.75 (-1.04%), and November ICE robusta coffee (RMX24) closed down -86 (-1.61%).

Coffee prices retreated Thursday as forecasts for rain in Brazil sparked long liquidation coffee futures.  Thursday's two-week Global Forecast System model showed rain is expected for Brazil's coffee-growing regions next week during the all-important flowering period for Brazil's coffee trees.

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