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Barchart
Barchart
Rich Asplund

DARK SECRETS: Coffee prices fall sharply on rain forecasts for brazil | Vintage Vibes

March arabica coffee (KCH24) on Friday closed down -9.70 (-4.90%), and Mar ICE robusta coffee (RMH24) closed down -95 (-3.24%).

Coffee prices Friday sold off sharply, with arabica falling to a 2-week low.   Forecasts for rain every day next week in Brazil's coffee-growing regions have eased concerns about dry conditions and sparked long liquidation in coffee futures.   Also, the year-end position squaring by funds weighed on coffee prices.  

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