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Rich Asplund

Forecasts for Rain in Brazil Prompt Long Liquidation in Coffee Futures

Brazil Ice Somar Meteorologia USDA Conab Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) today is down -22.50 (-5.49%), and May ICE robusta coffee (RMK25) is down -194 (-3.44%).

Coffee prices today are sharply lower as forecasts for rain in Brazil sparked long liquidation in coffee futures. Somar Meteorologia said today that dry and hot weather in Brazil for the rest of this week will give way to several days of showers next week, easing dry conditions.

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