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Barchart
Barchart
Rich Asplund

Brazil Harvest Pressures Weigh on Arabica Coffee

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Sep arabica coffee (KCU23) this morning is down -0.90 (-0.61%), and Sep ICE robusta coffee (RMU23) is up +12 (+0.47%).

Coffee prices this morning are mixed.  Brazil harvest pressures are weighing on arabica coffee prices while shrinking global coffee inventories provide underlying support.  ICE-monitored robusta coffee inventories today fell to a record low of 3,611 lots (data history back to 2016), and ICE-monitored arabica coffee inventories Monday dropped to a 9-month low of 513,595 bags.

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