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Barchart
Barchart
Rich Asplund

Arabica Coffee Recovers Early Losses as the Brazilian Real Rebounds

Dec arabica coffee (KCZ23) on Friday closed up +0.65 (+0.45%), and Nov ICE robusta coffee (RMX23) closed down -19 (-0.80%).

Coffee prices on Friday settled mixed, with robusta falling to a 5-3/4 month low.  Arabica coffee on Friday recovered from an 8-3/4 month low and moved higher after the Brazilian real (^USDBRL) rebounded from a 6-1/4 month low against the dollar, sparking short-covering in coffee futures.  A stronger real discourages export selling by Brazil’s coffee producers.

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