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Barchart
Barchart
Rich Asplund

Coffee Prices Rebound on Forecasts for Limited Rain in Brazil

Ice Brazil Vietnam International Coffee Organization USDA

May arabica coffee (KCK24) this morning is up +4.30 (+2.45%), and May ICE robusta coffee (RMK24) is up +70 (+2.32%).

Coffee prices this morning recovered from 5-week lows and are moderately higher.  Over the next 7-10 days in Brazil, forecasts for limited rain sparked short covering in coffee futures.  

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