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Barchart
Barchart
Rich Asplund

Coffee Prices Push Higher on Technical Short Covering

Ice Brazil FAs Vietnam

March arabica coffee (KCH26) today is up +2.90 (+1.02%), and March ICE robusta coffee (RMH26) is up +47 (+1.28%).

Coffee prices are moving higher today, with arabica rebounding from a 7.25-month low.   Technical short-covering emerged in coffee futures today as the recent selloff has pushed prices into deeply oversold territory.

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