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Barchart
Rich Asplund

BIZARRE: Coffee prices slip as rain in brazil eases drought concerns - You Need To See This

Ice Brazil Drought USDA Vietnam International Coffee Organization Volcafe

March arabica coffee (KCH25) Monday closed down -1.65 (-0.51%), and March ICE robusta coffee (RMH25) closed down -32 (-0.65%).

Coffee prices on Monday settled moderately lower, with arabica coffee falling to a 2-week low and robusta sliding to a 3-week low.  Coffee prices are under pressure after recent above-average rain in Brazil eased drought concerns.  Somar Meteorologia reported Monday that Brazil's biggest arabica coffee growing area of Minas Gerais received 102.8 mm of rain last week, or 182% of the historical average.

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