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Barchart
Barchart
Rich Asplund

Arabica Coffee Turns Lower on Expectations of a Bumper Brazil Coffee Crop

Ice Brazil arabica United States Vietnam Brazil Mar FAs StoneX

July arabica coffee (KCN26) today is down -1.50 (-0.50%), and May ICE robusta coffee (RMK26) is up +28 (+0.76%).

Coffee prices fell from 4-week highs today and are trading mixed.   Expectations of a bumper Brazil coffee crop are weighing on arabica coffee prices.  Signs of tighter robusta coffee supplies are bullish for robusta coffee prices after ICE robusta inventories fell to a 16-month low of 3,755 lots on Tuesday.

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