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Barchart
Barchart
Rich Asplund

UNBELIEVABLE: Limited rain chances in brazil boost coffee prices | History Defined

Ice Brazil Arabica Vietnam FAs

March arabica coffee (KCH26) on Thursday closed up +2.10 (+0.59%).  March ICE robusta coffee (RMH26) closed up +48 (+1.21%).

Coffee prices recovered from early losses on Thursday and settled higher after updated weather forecasts reduced the likelihood of rain in Brazil's coffee-growing areas over the next week.  Coffee prices initially moved lower on Thursday, with arabica posting a 1.5-week low after the dollar index (DXY00) rallied to a 6-week high.

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