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Barchart
Barchart
Rich Asplund

Brazilian Real Weakness Sparks Liquidation in Coffee Futures

Brazil Ice USDA Vietnam Cecafe ICO the International Coffee Organization

March arabica coffee (KCH25) today is down -2.65 (-0.82%), and January ICE robusta coffee (RMF25) is down -88 (-1.58%).

Coffee prices today gave up early gains and turned lower after the Brazilian real (^USDBRL) sank to a record low against the dollar.  The weaker real encourages export selling from Brazil's coffee producers and sparked long liquidation in coffee futures.  

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