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Barchart
Barchart
Rich Asplund

Coffee Prices Slip on Forecasts for Rain in Brazil

Ice Brazil Mar ICE Vietnam ICO International Coffee Organization

March arabica coffee (KCH24) this morning is down -4.20 (-2.28%), and Mar ICE robusta coffee (RMH24) is down -4 (-0.14%).

Coffee prices this morning are moderately lower, with arabica falling to a 1-month low.   Forecasts for rain in Brazil next week have eased concern about dry conditions and sparked some long liquidation pressure in coffee futures.  Losses in robusta coffee are limited after ICE-monitored robusta coffee inventories fell to a record low today.

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