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Barchart
Barchart
Rich Asplund

Coffee Prices Jump as a Rally in the Brazilian Real Spurs Short Covering

Ice Brazil FAs

March arabica coffee (KCH26) on Thursday closed up +4.85 (+1.65%), and March ICE robusta coffee (RMH26) closed up +76 (+2.02%).

Coffee prices settled sharply higher on Thursday as strength in the Brazilian real (^USDBRL) spurred short covering in coffee futures.  The real rallied to a 1.75-year high against the dollar on Thursday, discouraging export sales from Brazil's coffee producers.

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