Dec arabica coffee (KCZ23) this morning is up +2.40 (+1.57%), and Nov ICE robusta coffee (RMX23) is up +46 (+1.88%).
Coffee prices this morning are moderately higher, with robusta posting a 2-week high. Weather concerns in Brazil and Colombia are lifting coffee prices today after Climatempo said high temperatures and infrequent rain are expected in the coming weeks for Brazil, and diminished rainfall is expected for Colombia. Brazil and Colombia are the world's largest arabica coffee producers. Also, robusta has support on record low supplies after ICE-monitored robusta coffee inventories on Wednesday fell to a record low of 3,380 lots (data history back to 2016).
