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Barchart
Rich Asplund

Coffee Prices Post Modest Losses as Dry Conditions Ease in Brazil

Ice Brazil Vietnam USDA Deficit the International Coffee Organization Volcafe

September arabica coffee (KCU24) on Wednesday closed down -0.45 (-0.18%), and Sep ICE robusta coffee (RMU24) closed down -2 (-0.04%).

Coffee prices Wednesday posted modest losses.  Recent rain in Brazil has eased dryness concerns and is weighing on arabica prices.  Meanwhile, robusta is under pressure after ICE-monitored robusta coffee inventories rose to a 1-year high Wednesday of 6,119 lots, signaling increased supplies.

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