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Barchart
Barchart
Rich Asplund

Coffee Rallies as Adverse Weather Threatens Global Coffee Crops

Ice Brazil Vietnam the USDA FAS USDA ICO Volcafe

September arabica coffee (KCU24) today is up +1.45 (+0.58%), and Sep ICE robusta coffee (RMU24) is up +81 (+1.66%).

Coffee prices today are moderately higher, with robusta posting an all-time high.  Coffee prices are higher on adverse weather conditions in Brazil and Vietnam that threaten global coffee crops.  Rural Clima said today that there is a chance that the forecast for low temperatures in Brazil this weekend could bring frost to Brazil's coffee-growing regions, potentially damaging coffee trees.

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