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Barchart
Barchart
Rich Asplund

Rain Forecasts for Brazil Send Coffee Prices Tumbling

Ice Brazil USDA Vietnam Cecafe the International Coffee Organization

December arabica coffee (KCZ24) Friday closed down -10.90 (-4.17%), and November ICE robusta coffee (RMX24) closed down -189 (-3.60%).

Coffee prices Friday closed sharply lower as forecasts for rain in Brazil sparked fund liquidation of coffee futures.  The two-week Global Forecast System model shows rain moving into Brazil's coffee-growing regions next week during the all-important flowering period for Brazil's coffee trees.

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