December arabica coffee (KCZ24) today is up +0.85 (+0.34%), and January ICE robusta coffee (RMF25) is up +47 (+1.07%).
Coffee prices today rebounded from early losses and are moderately higher. Concern that below-normal rain in Brazil will lead to a smaller coffee crop supported coffee prices. Somar Meteorologia on Monday reported that rainfall in Brazil's biggest arabica coffee growing area of Minas Gerais received 25.1 mm of rain last week, or only 74% of the historical average. Robusta coffee also has support on concern that heavy rain from tropical storm Trami might delay Vietnam's coffee harvest, which runs from October to April.
