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Barchart

Rich Asplund

Coffee Prices Mixed on Dollar Strength

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Dec arabica coffee (KCZ23) this morning is down -0.80 (-0.52%), and Nov ICE robusta coffee (RMX23) is up +26 (+1.08%).

Coffee prices this morning are mixed, with robusta posting a 1-week high. Today's rally in the dollar index (DXY00) to a 2-1/2 month high is weighing on arabica prices. However, signs of shrinking supplies are lifting robusta prices as ICE-monitored robusta coffee inventories today fell to a record low of 3,408 lots (data history back to 2016).

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