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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Arabica coffee rises on technical short covering - The Untold Story

Ice Brazil Somar Meteorologia FAs Vietnam

March arabica coffee (KCH26) on Monday closed up +1.00 (+0.30%), and March ICE robusta coffee (RMH26) closed down -84 (-2.04%).

Coffee prices settled mixed on Monday, with robusta falling to a 4-week low.  Above-average rainfall in Brazil is positive for coffee yields but negative for prices.  Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 69.8 mm of rain during the week ended January 30, or 117% of the historical average.

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