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Barchart
Barchart
Rich Asplund

NY Coffee Prices Higher on Forecasts for Hot and Dry Brazilian Weather

Ice Brazil Vietnam El Nino ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) today is up +1.85 (+1.16%) after posting a new 1-1/2 month high, while Nov ICE robusta coffee (RMX23) is down -1 (-0.04%).

Coffee prices continue to see support from forecasts for hot and dry weather this week in Brazil's central and southeast areas.  Also, strength in the Brazilian real (^USDBRL) is bullish for coffee prices as the real on Monday edged to a new 1-1/2 month high against the dollar.  A stronger real discourages export selling from Brazil's coffee producers.

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