September arabica coffee (KCU24) on Friday closed up +0.45 (+0.20%), and Sep ICE robusta coffee (RMU24) closed down -36 (-0.89%).
Coffee prices on Friday settled mixed, with arabica falling to a 2-week low and robusta dropping to a 1-week low. A slumping Brazilian real (^USDBRL) undercut coffee prices as the real Friday fell to a 2-1/2 year low against the dollar, encouraging export sales from Brazil's coffee producers. However, arabica recovered its losses Friday and moved higher after weather forecasts called for limited rain in Brazil's coffee-growing regions next week, sparking short-covering in arabica coffee futures.
