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Rich Asplund

Arabica Coffee Finishes Higher on Brazil Crop Concerns

Brazil Ice USDA the International Coffee Organization the USDA FAS Vietnam Volcafe

March arabica coffee (KCH25) Monday closed up +1.65 (+0.47%), and March ICE robusta coffee (RMH25) closed down -84 (-1.52%).

Coffee prices on Monday gave up an early advance and settled mixed after a selloff in global equity markets sparked risk-off sentiment in asset markets and prompted long liquidation in coffee futures.  An increase in robusta coffee inventories is bearish for prices after ICE-monitored robusta coffee inventories rose to a 3-3/4 month high last Friday of 4,603 lots.  

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