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Barchart
Barchart
Rich Asplund

DARK SECRETS: Arabica coffee moderately higher on brazil crop concerns | Rare Historical Photos

May arabica coffee (KCK24) this morning is up +4.60 (+2.22%), and May ICE robusta coffee (RMK24) is down -13 (-0.35%).

Coffee prices this morning are mixed, with arabica climbing to a new 5-3/4 month high.  Arabica coffee prices have support by concern that recent heavy rain in Brazil's coffee-growing regions may have damaged coffee crops.  Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 75.4 mm of rainfall in the past week, or 335% of the historical average.  Minas Gerais accounts for about 30% of Brazil's arabica crop.

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