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Barchart
Rich Asplund

Coffee Prices Push Higher as Brazilian Real Strength Sparks Short Covering

Ice Brazil United States FAs Vietnam

March arabica coffee (KCH26) on Friday closed up +8.55 (+2.45%).  March ICE robusta coffee (RMH26) closed up +5 (+0.13%).

Coffee prices recovered from early losses on Friday and settled higher as strength in the Brazilian real sparked short covering in coffee futures.  The real (^USDBRL) rallied to a 2-week high against the dollar on Friday, discouraging export sales from Brazil's coffee producers.

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