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Barchart
Barchart
Rich Asplund

Coffee Prices Rally on Weaker Dollar

Ice Brazil Commitment of Traders International Coffee Organization USDA

July arabica coffee (KCN23) on Tuesday closed up +1.15 (+0.62%), and July ICE robusta coffee (RMN23) closed up +15 (+0.62%).

Coffee prices Tuesday closed moderately higher due to a weaker dollar.  Arabica coffee also rose on tighter inventories after ICE monitored arabica coffee inventories Tuesday fell to a 4-3/4 month low of 671,795 bags.

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