March arabica coffee (KCH25) today is down -2.30 (-0.71%), and March ICE robusta coffee (RMH25) is down -39 (-0.79%).
Coffee prices today are 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-normal rain in Brazil eased drought concerns. Somar Meteorologia reported today 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.
