Coffee prices are at their lowest level in 18 months on expectations that Brazilian growers will produce a robust harvest.
Coffee fell 4.5 cents to end at $1.747 per pound Monday. That's the lowest level since the price reached $1.7345 per pound on October 7, 2010.
Good growing weather is increasing speculation that Brazil's harvest will be plentiful this summer. It's expected to offset lower production in Colombia, which has had large amounts of rainfall.
At the same time, demand appears to be strong globally.
Coffee drinkers aren't likely to see prices fall soon because businesses still are paying more to process and ship products.
In other commodities trading, gold, wheat, corn and soybeans are lower. Prices for oil, natural gas and copper are higher.
