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Rich Asplund

Coffee Prices Rebound on Strength in the Brazilian Real

Ice Brazil Vietnam El Nino ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) on Wednesday closed up +0.20 (+0.14%), and Nov ICE robusta coffee (RMX23) closed up +6 (+0.26%).

Arabica coffee on Wednesday recovered from early losses and posted modest gains after the Brazilian real (^USDBRL) rose to a 1-1/2 week high against the dollar, which sparked short covering in coffee futures.  A stronger real discourages export selling from Brazil's coffee producers.

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