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Barchart
Barchart
Rich Asplund

Coffee Prices Close Sharply Lower on Long Liquidation Pressure

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Dec arabica coffee (KCZ23) on Wednesday closed down -5.85 (-3.48%), and Nov ICE robusta coffee (RMX23) closed down -73 (-2.80%).

Coffee prices Wednesday fell sharply on long liquidation pressure after the sharp rally seen in the past two weeks.  Coffee prices Wednesday gave up an early advance and sold off when arabica prices failed to stay above their 200-day moving average, which sparked fund liquidation in coffee futures.

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