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Rich Asplund

Arabica Coffee Soars on Dollar Weakness and Tight ICE Inventories

Ice Arabica Brazil USDA Vietnam

September arabica coffee (KCU26) is up +18.70 (+5.81%) today, and September ICE robusta coffee (RMU26) is up +26 (+0.68%).

Coffee prices are climbing today, with Arabica up sharply at a 1-week high. Today’s decline in the dollar index ($DXY) to a 7-week low is bullish for coffee prices. Also, arabica coffee supplies continue to tighten as ICE-monitored arabica coffee inventories fell to a 2.5-year low on Thursday.

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