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Barchart
Rich Asplund

FORGOTTEN HISTORY: Coffee prices plunge on forecasts for rain in brazil - The Untold Story

Ice Brazil USDA Vietnam Mar ICE the USDA FAS El Nino International Coffee Organization

March arabica coffee (KCH24) this morning is down -9.15 (-4.62%), and Mar ICE robusta coffee (RMH24) is down -79 (-2.69%).

Coffee prices this morning are sharply lower, with arabica falling to a 2-week low.   Forecasts for rain every day next week in Brazil's coffee-growing  regions eases concerns about dry conditions and sparked long liquidation in coffee futures.   Also, year-end position squaring by funds is weighing on coffee prices.  

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