Rain in Brazil Eases Crop Development Concerns and Hammers Coffee Prices

March arabica coffee (KCH26 ) today is down -8.65 (-2.34%), and January ICE robusta coffee (RMF26 ) is down -88 (-2.13%). Coffee prices extended last Friday's plunge today, with arabica falling to a 3-week low and robusta sliding to a 4-month low. Ample rains in Brazil have eased concerns over...Cup of coffee with coffee beans in burlap sack on coffee tree background by Amenic181 via Shutterstock