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Barchart
Barchart
Rich Asplund

Coffee Prices Rebound on Brazilian Real Strength

Ice Brazil FAs

March arabica coffee (KCH26) on Wednesday closed up +0.60 (+0.20%), and March ICE robusta coffee (RMH26) closed up +16 (+0.43%).

Coffee prices recovered from early losses on Wednesday and settled slightly higher.  Wednesday's rally in the Brazilian real (^USDBRL) to a 1.5-week high sparked short covering in coffee futures.  The stronger real discourages export sales from Brazil's coffee producers.

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