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Rich Asplund

Coffee Prices Rebound on Slack Rain in Brazil

Ice Brazil Vietnam USDA arabica

September arabica coffee (KCU25) today is up +10.70 (+3.40%), and July ICE robusta coffee (RMN25) is up +113 (+2.91%).

Coffee prices today recovered from early losses and are sharply higher. Short covering emerged in coffee futures today due to below-normal rainfall in Brazil, following a report by Somar Meteorologia that Brazil’s largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended June 21.

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