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Rich Asplund

Arabica Coffee Prices Decline on Profit-Taking and Long Liquidation

Ice Arabica Brazil Vietnam El Niño FAs United States

September arabica coffee (KCU26) today is down -4.00 (-1.29%), and September ICE robusta coffee (RMU26) is up +48 (+1.27%).

Coffee prices fell from fresh 4.75-month highs today and are trading mixed. Arabica coffee shed an early advance today and turned lower as profit-taking and long liquidation pressured prices ahead of the long holiday weekend, with US markets closed on Friday for a holiday.

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