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Barchart

Rich Asplund

HISTORICAL FACTS: Coffee prices push higher on confirmation of el nino - Caught on Camera

Ice El Niño Brazil Japan Meteorological Agency FAs StoneX Vietnam

July arabica coffee (KCN26) today is up +4.55 (+1.86%), and July ICE robusta coffee (RMN26) is up +60 (+1.82%).

Coffee prices are sharply higher today as short covering emerged after the Japan Meteorological Agency confirmed an El Niño weather pattern had formed across the equatorial Pacific, setting the stage for months of floods, droughts, and temperature fluctuations that could hinder coffee production in Asia and South America.

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