Below-Average Rain in Brazil Supports Coffee Prices

September arabica coffee (KCU25 ) today is up +3.80 (+1.34%), and September ICE robusta coffee (RMU25 ) is up +73 (+2.19%). Coffee prices are climbing today as below-average rainfall in Brazil has sparked some short-covering in coffee futures. Somar Meteorologia reported today that Brazil’s largest arabica coffee-growing area, Minas Gerais,…