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Barchart
Barchart
Rich Asplund

Arabica Coffee Finds Support on Brazilian Real Strength

Brazil Ice USDA Vietnam United Kingdom

March arabica coffee (KCH24) this morning is up +1.30 (+0.67%), and Jan ICE robusta coffee (RMF24) is not trading with markets in the UK closed today for the Boxing Day holiday.

Arabica coffee prices this morning are moderately higher as a rally in the Brazilian real sparked short covering in arabica coffee futures.  The real (^USDBRL) today climbed to a 4-1/2 month high against the dollar, discouraging export selling from Brazil's coffee producers.  

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