
December arabica coffee (KCZ25) today is up +1.55 (+0.39%), and November ICE robusta coffee (RMX25) is up +118 (+2.60%).
Coffee prices are climbing today, with robusta sharply higher at a 1-month high. Coffee prices have support due to shrinking ICE coffee inventories. The 50% tariffs imposed on US imports from Brazil have led to a sharp drawdown in ICE coffee inventories, a bullish factor for coffee prices. ICE-monitored arabica inventories fell to a 1.5-year low of 494,558 bags on Wednesday, and ICE robusta coffee inventories fell to a 2.75-month low of 6,177 lots today. American buyers are voiding new contracts for purchases of Brazilian coffee beans due to the 50% tariffs imposed on US imports from Brazil, thereby tightening US supplies, as about a third of America's unroasted coffee comes from Brazil.