Dry Weather in Brazil Boosts Coffee Prices

May arabica coffee (KCK25 ) today is up +2.90 (+0.75%), and May ICE robusta coffee (RMK25 ) is up +88 (+1.64%). Coffee prices today are trading higher on below-normal rainfall in Brazil. Somar Meteorologia reported today that Brazil’s biggest arabica coffee growing area of Minas Gerais received 1.1 mm the…