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Barchart
Barchart
Rich Asplund

THE TRUTH ABOUT: Arabica coffee finishes higher on brazil weather woes - Caught on Camera

Brazil Ice Vietnam Cooxupe Conab the USDA FAS USDA Volcafe

May arabica coffee (KCK25) Monday closed up +2.00 (+0.51%), and May ICE robusta coffee (RMK25) closed down -14 (-0.25%).

Coffee prices on Monday settled mixed, with arabica coffee climbing to a 2-week high.  Weather concerns in Brazil are boosting arabica prices after Cooxupe, Brazil's largest arabica coffee co-operative, said high temperatures and below-normal rainfall last month in Brazil should negatively affect coffee yields this year.   Also, current supplies have tightened as ICE-monitored arabica coffee inventories fell to a 1-month low last Friday of 777,708 bags.

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