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Barchart
Barchart
Rich Asplund

Favorable Brazil Crop Outlook Weighs on Coffee Prices

Ice Brazil Climatempo FAs Oil Vietnam

May arabica coffee (KCK26) on Monday closed down -2.75 (-0.89%), and May ICE robusta coffee (RMK26) closed down -27 (-0.74%).

Coffee prices settled lower on Monday due to favorable growing conditions in Brazil.  On Monday, Climatempo said that Brazil's soil moisture remains beneficial, while the current dry conditions are aiding cherry ripening.  Also, rain is expected to return to Brazil's key coffee-growing regions this week.

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