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Barchart
Barchart
Rich Asplund

A Rebound in the Brazilian Real Sparks Short-Covering in Arabica Coffee

Dec arabica coffee (KCZ23) this morning is up +0.50 (+0.34%), and Nov ICE robusta coffee (RMX23) is down -20 (-0.84%).

Coffee prices this morning are mixed, with robusta falling to a 5-3/4 month low.  Arabica today recovered from an 8-3/4 month low after the Brazilian real (^USDBRL) rebounded from a 6-1/4 month low against the dollar and moved higher, sparking short-covering in coffee futures.

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