December arabica coffee (KCZ26) closed up +10.15 (+3.64%) on Monday, and November ICE robusta coffee (RMX26) closed up +45 (+1.34%).
Coffee prices rallied sharply on Monday, with arabica posting a 2-week high and robusta posting a 1-week high. Concerns that dry conditions in Brazil could hurt the prospects for Brazil’s 2026/27 coffee crop, currently in its all-important flowering stage, sparked fund short covering in coffee prices today. Meteorologist Climatempo said Monday that rain chances for Brazil’s Minas Gerais region, the country’s largest arabica coffee producing region, are limited over the next week.
