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Barchart
Barchart
Rich Asplund

Rain Forecasts for Brazil Hammer Coffee Prices

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March arabica coffee (KCH26) on Wednesday closed down -12.85 (-3.31%), and January ICE robusta coffee (RMF26) closed down -57 (-1.25%).

Coffee prices sold off sharply on Wednesday due to the prospects for rains in Brazil, which are supportive for coffee crop development and bearish for prices.  Climatempo on Wednesday forecasted heavy showers toward the end of the week and into next week for Brazil's coffee-growing regions.

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