Sep arabica coffee (KCU23) this morning is down -2.25 (-1.51%), and Sep ICE robusta coffee (RMU23) is up +9 (+0.35%).
Coffee prices this morning are mixed, with arabica falling to a 7-1/4 month low. Coffee prices remain under pressure as favorable weather in Brazil, the world's largest arabica coffee producer, has accelerated the country's coffee harvest, boosting supplies and undercutting prices. Robusta coffee is moderately higher on ever-tighter supplies after ICE-monitored robusta coffee inventories today fell to a record low of 3,961 lots (data history back to 2016). In addition,
