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Barchart
Barchart
Rich Asplund

Rain in Brazil Eases Crop Development Concerns and Hammers Coffee Prices

Ice Brazil Robusta United States FAs Vietnam

March arabica coffee (KCH26) today is down -8.65 (-2.34%), and January ICE robusta coffee (RMF26) is down -88 (-2.13%).

Coffee prices extended last Friday's plunge today, with arabica falling to a 3-week low and robusta sliding to a 4-month low.  Ample rains in Brazil have eased concerns over coffee crop development and are hammering prices after Climatempo said today that "intense and persistent rainfall" is expected this week in Brazil's coffee-growing regions.  

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