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Rich Asplund

Coffee Prices Rally on Below-Normal Weekly Brazilian Rainfall

Ice Brazil Somar Meteorologia United States Vietnam FAs Minas Gerais

March arabica coffee (KCH26) today is up sharply by +6.40 (+1.88%), and January ICE robusta coffee (RMF26) is up +88 (+2.33%).

Coffee prices are trading sharply higher today after Somar Meteorologia reported that Brazil's largest arabica coffee-growing area, Minas Gerais, received 38.3 mm of rain during the week ended December 19, or 76% of the historical average.

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