December arabica coffee (KCZ24) today is up +1.60 (+0.65%), and November ICE robusta coffee (RMX24) is down -5 (-0.10%).
Coffee prices today are mixed with arabica climbing to a 1-week high. Coffee prices are higher on concern that adverse global weather events will curb coffee production. Dry conditions in Brazil, the world's largest producer of arabica coffee, are bullish for prices after Somar Meteorologia reported Monday that Brazil's Minas Gerais region received no rain over the past week. Minas Gerais accounts for about 30% of Brazil's arabica crop. Robusta coffee has support after typhoon Yagi struck Vietnam on Monday, which could damage the country's coffee fields.
