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Barchart
Rich Asplund

Coffee Prices Pressured by Beneficial Rain in Brazil

Ice Brazil arabica Somar Meteorologia Vietnam the USDA FAS

July arabica coffee (KCN25) today is down -4.10 (-1.17%), and July ICE robusta coffee (RMN25) is down -55 (-1.24%).

July arabica coffee prices today gave up an early advance and turned lower on news of beneficial rainfall in Brazil.  Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 10.6 mm of rain during the week ended June 14, 131% of the historical average for this time of year.

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