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Barchart
Barchart
Rich Asplund

INSANE: Coffee prices higher on forecasts for hot and dry brazilian weather | Vintage Vibes

Ice Brazil NOV Vietnam El Nino ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) today is up +0.60 (+0.38%), and Nov ICE robusta coffee (RMX23) is up +35 (+1.37%).

Coffee prices are higher today on forecasts for hot and dry weather this week in Brazil's central and southeast areas.  Also, strength in the Brazilian real (^USDBRL) is bullish for coffee prices as the real today edged to a new 3-week week high against the dollar.  A stronger real discourages export selling from Brazil's coffee producers.

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