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Rich Asplund

FOUND: Coffee prices gain on excessive rain in brazil - What They Never Told You

Ice Brazil NOV Somar Meteorologia Vietnam El Nino ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) this morning is up +0.50 (+0.33%), and Nov ICE robusta coffee (RMX23) is up +2 (+0.08%).

Coffee prices this morning are slightly higher on concern that excessive rain in Brazil's coffee-growing areas will delay the completion of its coffee harvest. Somar Meteorologia reported Monday that Brazil's Minas Gerais region received 22.8 mm of rain in the past week, or 308% of the historical average. Minas Gerais accounts for about 30% of Brazil's arabica crop.

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