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Barchart
Rich Asplund

Coffee Prices Fall Sharply on Technicals

Ice Brazil Deficit Vietnam Cooxupe International Coffee Organization NY Rabobank Somar Meteorologia the US Climate Prediction Center

July arabica coffee (KCN23) today is down -4.45 (-2.63%), and July ICE robusta coffee (RMN23) is down -4.45 (-2.63%).

NY arabica coffee today fell to a new 5-month low, while July robusta fell back from Tuesday's new record high (data since 2008).  Arabica coffee is seeing technical selling with today's new 5-month low, while robusta is seeing long liquidation pressure after the sharp 6-month-long rally to a record high Tuesday.

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