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Barchart
Barchart
Rich Asplund

Coffee Prices Rebound as the Brazilian Real Rallies

Ice Brazil Barchart FAs StoneX

May arabica coffee (KCK26) today is up +6.05 (+2.11%), and May ICE robusta coffee (RMK26) is up +18 (+0.54%).

Coffee prices recovered from early losses today and turned higher as short covering emerged when the Brazilian real (^USDBRL) rallied to a 23-month high against the dollar.  The stronger real discourages export sales from Brazil's coffee producers.

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