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Barchart
Barchart
Rich Asplund

Coffee Prices Under Pressure on Forecasts for Rain in Brazil

Ice Brazil Vietnam Cecafe ICO USDA FAS

Dec arabica coffee (KCZ23) this morning is down -4.90 (-2.78%), and Jan ICE robusta coffee (RMF24) is down -57 (-2.22%).

Coffee prices this morning are moderately lower, with arabica falling to a 1-1/2 week low.  Arabica coffee today is falling for the second day on long liquidation pressures due to forecasts for rain in Brazil early next week, which should boost soil moisture levels and improve coffee yields.

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