Forecasts for Rain in Brazil Prompt Long Liquidation in Coffee Futures

May arabica coffee (KCK25 ) today is down -22.50 (-5.49%), and May ICE robusta coffee (RMK25 ) is down -194 (-3.44%). Coffee prices today are sharply lower as forecasts for rain in Brazil sparked long liquidation in coffee futures. Somar Meteorologia said today that dry and hot weather in Brazil...Cup of coffee with coffee beans in burlap sack on coffee tree background by Amenic181 via Shutterstock