Dec arabica coffee (KCZ23) on Thursday closed up +0.40 (+0.26%), and Sep ICE robusta coffee (RMU23) closed down -63 (-2.40%).
Coffee prices Thursday settled mixed, with arabica recovering from early losses and posting a 1-1/2 week high. Signs of shrinking supplies are supporting coffee prices. ICE-monitored robusta coffee inventories on Thursday fell to a record low of 3,598 lots (data history back to 2016), and ICE-monitored arabica coffee inventories on Thursday dropped to a 9-month low of 512,753 bags. Sep robusta closed lower due to rollover as funds liquidated long positions in Sep robusta coffee futures and rolled over into November contracts, with Friday being the first notice day for Sep robusta futures.
