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Barchart
Rich Asplund

Arabica Coffee Weighed Down by a Rebound in ICE Inventories

Ice arabica Brazil Conab USDA Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) Friday closed down -0.65 (-0.17%), and March ICE robusta coffee (RMH25) closed up +71 (+1.26%).

Coffee prices on Friday settled mixed.  Arabica coffee gave up an early advance Friday and fell to a 2-week low as a rebound in arabica coffee inventories encouraged long liquidation pressures in arabica coffee futures.  ICE-monitored arabica inventories have rebounded +3.9% higher over the past three sessions to 787,999 bags on Friday, recovering from Tuesday's  9-month low of 758,514 bags.

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