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Barchart
Barchart
Rich Asplund

A Stronger Brazilian Real Pushes Arabica Coffee Prices Higher

Dec arabica coffee (KCZ23) this morning is up +1.90 (+1.15%), and Nov ICE robusta coffee (RMX23) is down -41 (-1.55%).

Coffee prices this morning are mixed, with arabica climbing a 3-3/4 month high.  Today's rally in the Brazilian real (^USDBRL) to a 3-week high against the dollar is bullish for arabica coffee prices.  The stronger real discourages export selling from Brazil's coffee producers.  Dollar strength today is weighing on robusta coffee prices.

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