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Barchart
Barchart
Rich Asplund

Arabica Coffee Posts a New Record High on Lingering Supply Concerns

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

March arabica coffee (KCH25) today is up +0.90 (+0.26%), and March ICE robusta coffee (RMH25) is down -76 (-1.37%).

Coffee prices today are mixed as they gave up an early advance 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 Friday of 4,603 lots.  

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