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Rich Asplund

Arabica Coffee Soars on Brazilian Real Strength and Brazil Crop Concerns

Brazil Ice United States Conab the USDA FAS Vietnam Rabobank USDA Volcafe

July arabica coffee (KCN25) today is up +12.00 (+3.22%), and May ICE robusta coffee (RMK25) is up +55 (+1.05%).

Coffee prices today are moving higher, with arabica up sharply to a 2-1/2 week high. Strength in the Brazilian real (^USDBRL) is supportive of coffee prices. Today, the real climbed to a 2-1/2 week high against the dollar, discouraging export sales from Brazil's coffee producers.

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