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Rich Asplund

Coffee Prices Higher as Brazilian Real Rallies to 1-year High

Ice Brazil the USDA FAS USDA Robusta arabica Cooxupe the US Climate Prediction Center Vietnam

July arabica coffee (KCN23) on Wednesday closed up +1.65 (+0.90%), and July ICE robusta coffee (RMN23) closed up +12 (+0.44%).

Coffee prices Wednesday posted moderate gains. Strength in the Brazilian real (^USDBRL) is bullish for coffee prices after the real Wednesday rallied to a new 1-year high against the dollar. The stronger real discourages export selling from Brazil's coffee producers.

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