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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Coffee prices soar on coffee crop uncertainty - Caught on Camera

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

December arabica coffee (KCZ24) Wednesday closed up +15.55 (+5.56%), and January ICE robusta coffee (RMF25) closed up +142 (+3.05%).

Coffee prices on Wednesday settled sharply higher, with arabica soaring to a  13-year nearest-futures high.   Concern about longer-term coffee crop damage due to Brazilian drought conditions fueled fund buying of coffee futures on Wednesday.  Rainfall in Brazil has consistently been below average since April, damaging coffee trees during the all-important flowering stage and reducing the prospects for Brazil's 2025/26 arabica coffee crop.  Brazil has been facing the driest weather since 1981, according to the natural disaster monitoring center Cemaden.

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