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Barchart
Rich Asplund

Arabica Coffee Tumbles as ICE-Monitored Arabica Inventories Recover

Ice Vietnam Brazil the USDA FAS ICO

May arabica coffee (KCK24) this morning is down -7.35 (-3.04%), and May ICE robusta coffee (RMK24) is up +33 (+0.81%).

Coffee prices this morning are mixed.  A rebound in arabica coffee supplies has sparked long liquidation pressure today in arabica futures.  ICE-monitored arabica coffee inventories last Friday recovered to an 11-month high.  Robusta coffee is climbing today on concerns about tight robusta supplies from Vietnam.  

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