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Barchart

Rich Asplund

Coffee Prices Gain on Strength in the Brazilian Real

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March arabica coffee (KCH26) today is up +0.80 (+0.21%), and January ICE robusta coffee (RMF26) is up +46 (+1.01%).

Coffee prices climbed to 1-week highs today due to strength in the Brazilian real. Short covering emerged in coffee futures today after the real (^USDBRL) rallied to a 1-week high against the dollar, discouraging export sales from Brazil's coffee producers.

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