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Barchart

Rich Asplund

Coffee Prices Move Higher on Dollar Weakness

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Dec arabica coffee (KCZ23) this morning is up +0.20 (+0.13%), and Nov ICE robusta coffee (RMX23) is up +8 (+0.22%).

Coffee prices this morning are moderately higher, with robusta posting a 2-week high. A weaker dollar today has sparked short covering in coffee futures. Also, robusta has support on record low supplies after ICE-monitored robusta coffee inventories today fell to a record low of 3,384 lots (data history back to 2016).

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