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Rich Asplund

Coffee Prices Post Moderate Loses on Weakness in the Brazilian Real

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Dec arabica coffee (KCZ23) on Wednesday closed down -1.60 (-1.06%), and Nov ICE robusta coffee (RMX23) closed down -9 (-0.37%).

Coffee prices Wednesday posted 2-week lows and closed moderately lower. Weakness in the Brazilian real is bearish for coffee prices. The real (^USDBRL) on Wednesday fell to a 3-3/4 month low against the dollar, encouraging export selling by Brazil's coffee producers.

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