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Barchart
Rich Asplund

Coffee Falls Back as Conab Revises Up its Brazil Coffee Production Estimate

Conab Brazil Ice Vietnam the International Coffee Organization USDA Volcafe

July arabica coffee (KCN24) today is down -2.25 (-1.02%), and July ICE robusta coffee (RMN24) is down -67 (-1.71%).

Coffee prices today fell back from 3-week highs and are moderately lower.  Long liquidation emerged in coffee futures today after Conab revised its 2024 Brazil coffee production estimate up to 58.8 million bags from a January forecast of 58.1 million bags.  

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