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Barchart
Barchart
Rich Asplund

Coffee Closes Higher on Brazilian Real Strength and Vietnam Crop Concerns

Brazil Vietnam Ice USDA the USDA FAS ICO

March arabica coffee (KCH24) on Wednesday closed up +3.40 (+1.75%) and Mar ICE robusta coffee (RMH24) closed up +32 (+1.13%).

Coffee prices on Wednesday posted moderate gains.  Strength in the Brazilian real is bullish for coffee as the real (^USDBRL) on Wednesday rose to a 4-3/4 month high against the dollar, discouraging export selling from Brazil's coffee producers.  

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