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Barchart
Barchart
Rich Asplund

REVEALED: Ny coffee prices higher on forecasts for hot and dry brazilian weather | Vintage Vibes

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

Dec arabica coffee (KCZ23) today is up +1.85 (+1.16%) after posting a new 1-1/2 month high, while Nov ICE robusta coffee (RMX23) is down -1 (-0.04%).

Coffee prices continue to see support from forecasts for hot and dry weather this week in Brazil's central and southeast areas.  Also, strength in the Brazilian real (^USDBRL) is bullish for coffee prices as the real on Monday edged to a new 1-1/2 month high against the dollar.  A stronger real discourages export selling from Brazil's coffee producers.

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