
May arabica coffee (KCK23) this morning is up -0.45 (-0.22%), and May ICE robusta coffee (RMK23) is up +27 (+1.11%).
Coffee prices this morning initially extended their sharp two-week rally, with arabica posting a 6-1/4 month nearest-futures high and robusta posting a 1-1/4 year high. Expectations for smaller global coffee supplies are fueling fund buying of coffee futures.