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Barchart
Rich Asplund

Arabica Coffee Prices Rebound on Brazilian Real Strength

Ice Brazil United States Cecafe Vietnam Conab FAs

December arabica coffee (KCZ25) today is up +2.20 (+0.59%), and November ICE robusta coffee (RMX25) is down -26 (-0.58%).

Coffee prices are mixed today, with robusta sliding to a 1-week low.  Long liquidation pressures are weighing on coffee prices due to forecasts for showers in Brazil's coffee-growing regions beginning next week.  However, arabica prices are finding support today from strength in the Brazilian real (^USDBRL), which rallied to a 15-month high against the dollar today, discouraging export sales from Brazil's coffee producers.

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