Coffee Prices Climb on Wet Brazilian Weather and Tight ICE Inventories

September arabica coffee (KCU26 ) today is up +1.40 (+0.51%), and July ICE robusta coffee (RMN26 ) is up +73 (+2.04%). Coffee prices extended their two-week-long rally today, with arabica posting a 6-week high. Renewed rains in Brazil are delaying the country’s coffee harvest and pushing arabica prices higher. Meteorologist...Hot coffee in a white coffee cup and many coffee beans by Kingmaya Studio via Shutterstock