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Barchart
Barchart
Rich Asplund

Brazilian Real Strength Boosts Coffee Prices

Ice Brazil arabica FAs StoneX

May arabica coffee (KCK26) on Wednesday closed up +7.95 (+2.78%), and May ICE robusta coffee (RMK26) closed up +13 (+0.39%).

Coffee prices recovered from early losses on Wednesday and moved higher as short covering emerged when the Brazilian real (^USDBRL) rallied to a 23-month high against the dollar.  The stronger real discourages export sales from Brazil's coffee producers.

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