Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Arabica Coffee Sharply Lower on Brazil Harvest Pressures and Technical Selling

July arabica coffee (KCN23) on Tuesday closed down -7.45 (-4.03%), and July ICE robusta coffee (RMN23) closed down -26 (-0.92%).

Coffee prices Tuesday sold off sharply, with arabica dropping to a 2-1/2 week low.  Forecasts for favorable weather in Brazil that will allow farmers to finish the country's coffee harvest undercut prices.  Losses in arabica coffee accelerated on technical selling after prices dropped below the 100-day and 200-day moving averages.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.