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Barchart
Barchart
Rich Asplund

Coffee Prices Rebound as Dollar Weakness Spurs Short Covering

Ice Brazil Vietnam USDA Cecafe the International Coffee Organization

March arabica coffee (KCH25) today is up +6.75 (+2.28%), and January ICE robusta coffee (RMF25) is up +121 (+2.62%).

Coffee prices today are moderately higher, recovering some of the sharp losses from Tuesday and Monday.  Today's dollar weakness (DXY00) has sparked some short-covering in coffee futures.  Robusta also rose today as rain in Vietnam is delaying the coffee harvest.

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