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Barchart
Barchart
Rich Asplund

Coffee Prices Slip on Rain in Brazil and Weakness in the Brazilian Real

December arabica coffee (KCZ24) today is down -0.15 (-0.06%), and November ICE robusta coffee (RMX24) is down -53 (-1.08%).

Coffee prices today are moderately lower on forecasts for rain in Brazil.  Meteorologist Climatempo said Brazil's top coffee-producing areas should receive large amounts of rain starting this weekend, easing drought concerns and benefiting Brazil's coffee crop.   Also, weakness in the Brazilian real (^USDBRL) weighs on coffee prices as the real fell to a 2-1/4 month low against the dollar today, encouraging export selling from Brazil's coffee producers.

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