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Rich Asplund

Arabica Coffee Posts Moderate Losses as ICE Inventories Rebound

Ice Brazil Conab USDA Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) Wednesday closed down -0.70 (-0.19%), and May ICE robusta coffee (RMK25) closed up +3 (+0.06%).

On Wednesday, Coffee prices settled mixed and extended their week-long slide, with arabica coffee falling to a 3-week low and robusta posting a 1-month low.   Wednesday's stronger dollar weighed on most commodity prices, including coffee.  Arabica coffee prices were also under pressure Wednesday as ICE-monitored arabica inventories rebounded higher to a 1-week high of 803,066 bags on Tuesday from last Tuesday's 9-month low of 758,514 bags.   However, robusta coffee Wednesday recovered early losses and settled slightly higher after ICE-monitored robusta coffee inventories fell to a 2-month low of 4,296 lots.

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