December arabica coffee (KCZ26) is up +12.00 (+4.10%) today, and November ICE robusta coffee (RMX26) is up +70 (+1.98%).
Coffee prices are climbing today for the third consecutive session, with arabica posting a 3.5-week high and robusta posting a 6-week high. Strength in the Brazilian real (^USDBRL) is boosting coffee prices today after the real climbed to a 4.75-month high against the dollar. The stronger real discourages export sales from Brazil’s coffee producers.