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Barchart
Rich Asplund

Coffee Prices Post Moderate Losses as the Brazilian Real Falls

Ice Brazil Vietnam USDA Drought ICO the International Coffee Organization Volcafe

September arabica coffee (KCU24) on Wednesday closed down -4.95 (-2.16%), and July ICE robusta coffee (RMN24) closed down -69 (-1.57%).

Coffee prices Wednesday posted moderate losses due to weakness in the Brazilian real (^USDBRL).  The real on Wednesday tumbled to a 19-month low against the dollar, encouraging export sales from Brazil's coffee producers.  Also, forecasts that called for rain next week in Brazil's coffee-growing regions have eased drought concerns and are weighing on coffee prices.  

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