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Rich Asplund

Coffee Prices Climb on Strength in Brazilian Real

Ice Brazil Deficit Vietnam arabica Cecafe Colombia El Nino Rabobank USDA FAS

Sep arabica coffee (KCU23) this morning is up +3.35 (+2.12%), and Sep ICE robusta coffee (RMU23) is up +55 (+2.17%).

Coffee prices this morning are moderately higher. Strength in the Brazilian real (^USDBRL) is bullish for coffee prices as the real today rallied to a 2-1/2 week high against the dollar. The stronger real discourages export selling from Brazil's coffee producers.

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