Delayed Brazil Harvest and Tight Inventories Underpin Coffee Prices

September arabica coffee (KCU26 ) on Wednesday closed up +1.24 (+0.45%), and July ICE robusta coffee (RMN26 ) closed up +127 (+3.55%). Coffee prices extended their two-week-long rally on Wednesday and posted 6-week highs. Renewed rains in Brazil are delaying the country’s coffee harvest and pushing arabica prices higher. Meteorologist...Cup of coffe with beans on the side by Carol La Rosa via Shutterstock