Coffee Prices Jump as Heavy Rains Delay Brazil’s Coffee Harvest
September arabica coffee (KCU26) today is up +9.60 (+3.06%), and September ICE robusta coffee (RMU26) is up +33 (+0.88%). Coffee prices are sharply higher today on concern that heavy rain in Brazil will further disrupt the country’s coffee harvest and tighten global supplies. Somar Meteorologia reported today that 32.4 mm of rain, or 2700% of…