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Barchart
Rich Asplund

Recent Rain in Brazil Eases Dry Conditions and Weighs on Coffee Prices

Ice Brazil Vietnam USDA

July arabica coffee (KCN25) today is down  -6.80 (-1.98%), and July ICE robusta coffee (RMN25) is down -26 (-0.60%).

Coffee prices today extended Monday's losses, with arabica coffee falling to a 2-1/4 month low.   Recent rainfall in Brazil has eased dryness concerns and is weighing on coffee prices.  On Monday, Somar Meteorologia reported that Brazil's largest arabica coffee-growing area, Minas Gerais, received 10.6 mm of rain during the week ended June 14, 131% of the historical average for this time of year.

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