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Barchart
Barchart
Rich Asplund

Coffee Prices Sink as Brazil Rain Forecasts Ease Dryness Concerns

Ice Brazil United States Vietnam FAs

March arabica coffee (KCH26) on Friday closed down -14.70 (-3.95%).  March ICE robusta coffee (RMH26) closed down -25 (-0.64%).

Coffee prices sold off sharply on Friday amid forecasts of rain over central Brazil during the next week, easing dryness concerns.  Also, Friday's rally in the dollar index (DXY00) to a 4-week high weighed on most commodity prices, including coffee.  

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