September arabica coffee (KCU26) today is down -7.65 (-2.38%), and September ICE robusta coffee (RMU26) is down -62 (-1.62%).
Coffee prices are retreating today, with robusta falling to a 2-week low. Coffee prices are under pressure on the outlook for dry conditions in Brazil’s coffee-growing regions over the next week, which should accelerate the coffee harvest. Rising inventories are also weighing on robusta coffee after ICE robusta inventories climbed to a 4-month high today.
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