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Barchart
Barchart
Rich Asplund

UNCOVERED: Arabica coffee supported by slack rain in brazil - The Untold Story

Brazil Ice USDA United States Vietnam Volcafe

July arabica coffee (KCN25) today is up +1.30 (+0.36%), and July ICE robusta coffee (RMN25) is down -67 (-1.40%).

Coffee prices today are mixed, with robusta dropping to a 7-week low.  Arabica coffee has support today on concern that poor weather in Brazil will lead to a smaller coffee crop.  Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais, received 0.3 mm of rain in the week ended May 24, or 4% of the historical average.  

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