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Barchart
Rich Asplund

Heavy Rain in Brazil Eases Crop Concerns and Hammers Coffee Prices

Ice Brazil United States Cecafe Vietnam arabica FAs

December arabica coffee (KCZ25) today is down -13.30 (-3.44%), and November ICE robusta coffee (RMX25) is down -152 (-3.28%).

Coffee prices are plummeting today, with robusta dropping to a 1-week low.  Above-average rainfall in Brazil has eased coffee crop concerns ahead of the all-important flowering period this month and is hammering prices.  Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 10.1 mm of rain during the week ended August 30, or 163% of the historical average.  

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