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Rich Asplund

Arabica Coffee Retreats as ICE Inventories Recover

Ice arabica Brazil USDA Conab Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

March arabica coffee (KCH25) today is down -18.90 (-4.52%), and March ICE robusta coffee (RMH25) is down -86 (-1.49%).

Coffee prices today are under pressure, with arabica falling sharply to a 2-week low.  A sharp rebound in arabica coffee inventories sparked long liquidation pressures in arabica coffee futures today.  Wednesday afternoon's data showed ICE-monitored arabica inventories rebounded +2.1% higher to 774,553 bags, recovering from Tuesday's  9-month low of 758,514 bags.

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