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Barchart
Barchart
Rich Asplund

Arabica Coffee Soars to a 27-Year High on Supply Fears

Ice Brazil USDA Vietnam Cecafe the International Coffee Organization

March arabica coffee (KCH25) today is up +4.00 (+1.32%), and January ICE robusta coffee (RMF25) is up +212 (+4.25%).

Coffee prices today extended their sharp 3-week-long rally, with March arabica posting a contract high and December arabica posting a 27-year nearest-futures high.  Meanwhile, January robusta coffee posted a 7-week high.

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