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Barchart
Rich Asplund

HISTORICAL FACTS: Coffee prices post moderate losses on rain forecasts for brazil - The Untold Story

Ice Brazil Vietnam the USDA FAS Cecafe ICO International Coffee Organization USDA

December arabica coffee (KCZ24) Thursday closed down -2.75 (-1.04%), and November ICE robusta coffee (RMX24) closed down -86 (-1.61%).

Coffee prices retreated Thursday as forecasts for rain in Brazil sparked long liquidation coffee futures.  Thursday's two-week Global Forecast System model showed rain is expected for Brazil's coffee-growing regions next week during the all-important flowering period for Brazil's coffee trees.

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