Dry Weather in Brazil Boosting Coffee Prices

After getting off to a good start, the blooming season for Brazilian arabica coffee has taken a turn into dryness. Damage is unlikely at this early stage, but traders have expressed concern that this could become a yield-reducing drought. New York-traded futures for delivery in December have retreated from a monthly high reached on Monday, Sept. 18, but continued dry weather could spur further rallies. Watch the Gro platform for ongoing analysis of evapotranspiration in critical growing regions as Brazil’s coffee blooming season progresses.