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Rich Asplund

RARE PHOTOS: Coffee prices settle lower on forecasts for rain in brazil | Vintage Vibes

Ice Brazil Climatempo Vietnam El Nino ICO USDA USDA FAS

March arabica coffee (KCH24) on Wednesday closed down -0.40 (-0.23%), and Jan ICE robusta coffee (RMF24) closed down -16 (-0.63%).

Coffee prices Wednesday closed moderately lower as forecasts for heavy and widespread rain in Brazil eased dryness concerns and weighed on coffee prices. On Wednesday, Climatempo said that Brazil should get beneficial rainfall in the first weeks of December, easing market concerns after extreme heat and dryness in mid-November.

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