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Barchart
Barchart
Rich Asplund

Rain Forecasts for Brazil Spark Long Liquidation in Coffee

Brazil Ice Cecafe United States Vietnam arabica FAs

December arabica coffee (KCZ25) on Tuesday closed down -8.30 (-1.99%), and November ICE robusta coffee (RMX25) closed down -61 (-1.26%).

Coffee prices gave up an early advance on Tuesday and sold off after updated weather forecasts called for showers in Brazil's coffee-growing regions toward the end of the week, which sparked long liquidation in coffee futures.

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