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Barchart
Barchart
Rich Asplund

Coffee Prices Erase Early Gains as the Brazilian Real Falls

Ice Brazil FAs Vietnam

May arabica coffee (KCK26) today is down -2.70 (-0.95%), and May ICE robusta coffee (RMK26) is down -69 (-1.83%).

Coffee prices gave up an early advance today and turned lower, with arabica falling from a 1-week high and robusta sliding from a 2-week high.  Weakness in the Brazilian real sparked long liquidation on coffee futures today after the real (^USDBRL) fell to a 1.5-month low against the dollar.  The weaker real encourages export sales from Brazil's coffee producers.

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