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Barchart
Barchart
Rich Asplund

Arabica Coffee Erases Early Gains on Dollar Strength

Ice United States Brazil Vietnam FAs

March arabica coffee (KCH26) on Tuesday closed down -1.95 (-0.55%).  March ICE robusta coffee (RMH26) closed up +62 (+1.57%).

Coffee prices on Tuesday climbed to 2-week highs, but fell back from their best levels and settled mixed with arabica coffee falling into negative territory.  Tuesday's rally in the dollar index (DXY00) to a 1-week high spurred long liquidation pressures in coffee futures.  

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