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Barchart
Rich Asplund

Arabica Posts Modest Gains on Strength in the Brazilian Real

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Sep arabica coffee (KCU23) on Friday closed up +0.45 (+0.31%), and Sep ICE robusta coffee (RMU23) closed down -31 (-1.20%).

Coffee prices on Friday settled mixed.  Arabica recovered from a 7-1/4 month low and posted moderate gains on strength in the Brazilian real.  Short covering emerged in arabica coffee Friday after the real (^USDBRL) rebounded from a 2-1/2 month low against the dollar and moved higher.  The stronger real discourages export selling from Brazil's coffee producers.  

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