
March arabica coffee (KCH24) this morning is up +4.40 (+2.60%), and Jan ICE robusta coffee (RMF24) is down -4 (-0.16%).
Coffee prices this morning are mixed, with Mar arabica up sharply at a 1-1/2 week high and nearest-futures (Z23) climbing to a 5-1/4 month high. Shrinking ICE coffee inventories is a bullish price factor as ICE-monitored arabica coffee inventories on November 16 fell to a 24-year low of 289,699 bags. Meanwhile, today, ICE-monitored robusta coffee inventories were at 4,181 lots, moderately above the record low of 3,374 lots posted on August 31.