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Barchart
Barchart
Rich Asplund

Coffee Prices Pressured by Brazil Rain Forecasts

Ice Brazil United States Vietnam FAs

March arabica coffee (KCH26) on Monday closed down -1.60 (-0.45%).  March ICE robusta coffee (RMH26) closed up +14 (+0.36%).

Coffee prices settled mixed on Monday amid forecasts of rain over central Brazil this week, easing dryness concerns.  However, coffee prices recovered from their worst levels, with robusta pushing into positive territory after dollar weakness (DXY00) sparked short covering in coffee futures.  

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