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Barchart
Barchart
Rich Asplund

Arabica Coffee Rebounds on Prospects of Limited Rain in Brazil

Ice Brazil Vietnam International Coffee Organization USDA

July arabica coffee (KCN24) on Tuesday closed up +1.45 (+0.74%), and July ICE robusta coffee (RMN24) closed down -163 (-4.60%).

Coffee prices on Tuesday settled mixed, with robusta falling to a 6-week low.  Robusta coffee closed sharply lower Tuesday as it reopened after being closed on Monday for a holiday.  A rebound in ICE coffee inventories has eased supply concerns and is bearish for prices after ICE-monitored arabica coffee inventories rose to a 1-year high Tuesday, and ICE-monitored robusta coffee inventories rose to a 5-month high.

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