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Rich Asplund

SHOCKING: Coffee prices settle mostly lower on brazil harvest pressures - What They Never Told You

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

Dec arabica coffee (KCZ23) on Friday closed down -1.15 (-0.77%), and Nov ICE robusta coffee (RMX23) closed unchanged.

Coffee prices Friday mainly settled lower, with arabica posting a 2-week low. Harvest pressures are weighing on coffee prices as Brazil nears the end of its coffee harvest. The harvest has sparked some selling of coffee in the cash market as Brazil's coffee farmers sell their current inventories to make room for the newly harvested coffee.

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