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Barchart
Barchart
Rich Asplund

Brazilian Real Weakness Weighs on Coffee Prices

May arabica coffee (KCK26) on Tuesday closed down -1.45 (-0.51%), and May ICE robusta coffee (RMK26) closed down -67 (-1.78%).

Coffee prices gave up an early advance on Tuesday and settled lower, with arabica falling from a 1-week high and robusta sliding from a 2-week high.  Weakness in the Brazilian real sparked long liquidation in coffee futures on Tuesday after the real (^USDBRL) fell to a 1.5-month low against the dollar.  The weaker real encourages export sales from Brazil's coffee producers.

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