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Barchart
Rich Asplund

Coffee Prices Gain on Strength in Brazilian Real

Ice Brazil arabica Vietnam ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) this morning is up +2.35 (+1.55%), and Nov ICE robusta coffee (RMX23) is up +16 (+0.65%).

Coffee prices this morning are moderately higher, with arabica posting a 1-week high and robusta coffee climbing to a 1-1/2 week high.  Today's rally in the Brazilian real (^USDBRL) to a 2-week high is bullish for coffee prices.  A stronger real discourages export selling from Brazil's coffee producers.

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