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Barchart
Rich Asplund

Coffee Prices Retreat on Forecasts for Rain in Brazil

Ice Brazil Vietnam USDA Cecafe ICO the USDA FAS

December arabica coffee (KCZ24) today is down -1.85 (-0.70%), and November ICE robusta coffee (RMX24) is down -72 (-1.35%).

Coffee prices are moving lower today as forecasts for rain in Brazil sparked long liquidation coffee futures.  Today'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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