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Barchart
Rich Asplund

Arabica Prices Decline on U.S. Economic Concerns

Ice arabica Brazil United States Economy Minas Gerais USDA

May arabica coffee (KCK23) this morning is down -2.60 (-1.48%), and May ICE robusta coffee (RMK23) is up +12 (+0.54%).

Coffee prices this morning are mixed.  Concerns of a slowdown in the U.S. economy that could hurt coffee demand weighed on prices after today's report showed Feb JOLTS job openings fell to their lowest in 1-3/4 years.  However, losses in arabica were limited today, and robusta gained on a slump in the dollar after the dollar index (DXY00) fell to a 2-month low.

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