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Barchart
Barchart
Rich Asplund

Coffee Rallies on Concern Over Global Coffee Production

Ice Brazil Vietnam the USDA FAS Cecafe ICO the International Coffee Organization USDA

December arabica coffee (KCZ24) today is up +2.60 (+1.00%), and November ICE robusta coffee (RMX24) is up +37 (+0.70%).

Coffee prices today are moderately higher, with Dec arabica and Nov robusta posting contract highs, while nearest-futures (U24) robusta posted a new all-time high.  Coffee prices rallied on adverse global weather events that could curb coffee production.  Rainfall in Brazil has consistently been below normal since April, damaging coffee trees during the all-important flowering stage and lowering prospects for Brazil's 2025/26 arabica coffee crop.

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