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Rich Asplund

Coffee Prices Rebound on Brazilian Real Strength

Ice Brazil USDA United States Vietnam arabica Safras Mercado Volcafe

July arabica coffee (KCN25) today is up +5.50 (+1.61%), and July ICE robusta coffee (RMN25) is up +74 (+1.67%).

Coffee prices are climbing today as a rally in the Brazilian real (^USDBRL) has sparked short covering in coffee futures. The real rose to a 1-1/2 week high today against the dollar, discouraging export selling from Brazil's coffee producers.

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