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Barchart
Barchart
Rich Asplund

Coffee Prices Drop on Weakness in the Brazilian Real

Ice Brazil NOV Vietnam El Nino ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) this morning is down -2.30 (-1.52%), and Nov ICE robusta coffee (RMX23) is down -11 (-0.45%).

Coffee prices this morning are under pressure, with arabica falling to a 2-week low due to weakness in the Bazilian real.  The real (^USDBRL) today fell to a 2-week low against the dollar, encouraging export selling by Brazil's coffee producers.  

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