September arabica coffee (KCU26) is down -4.90 (-1.46%) today, and September ICE robusta coffee (RMU26) is down -1 (-0.03%).
Coffee prices gave up an early advance today and turned lower on signs of drier weather in Brazil. Below-normal rainfall in Brazil should allow for the pace of the country’s coffee harvest to speed up, a bearish factor for prices. Somar Meteorologia reported today that 5.8 mm of rain, or 92% of the historical average, fell in the week ended August 9 in Brazil’s Minas Gerais, the country’s main arabica-coffee growing region.
