December arabica coffee (KCZ24) today is up +2.15 (+0.89%), and Sep ICE robusta coffee (RMU24) is up +51 (+1.04%).
Coffee prices today recovered from early losses and moved higher, with robusta posting a new record high. Arabica posted a 2-1/2 year nearest-futures high Tuesday, and robusta soared to a record high today as adverse weather conditions in Brazil and Vietnam threaten global coffee crops. Rural Clima said Wednesday that there is a chance that the forecast for low temperatures in Brazil this weekend could bring frost to Brazil's coffee-growing regions, potentially damaging coffee trees.
