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Rich Asplund

Coffee Prices Recover Early Losses on Brazilian Real Strength

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Dec arabica coffee (KCZ23) on Tuesday closed up +1.45 (+0.99%), and Nov ICE robusta coffee (RMX23) closed up +6 (+0.26%).

Coffee prices Tuesday recovered from early losses and settled moderately higher after a rally in the Brazilian real (^USDBRL) to a 1-week high sparked short covering in coffee futures.  A stronger real discourages export selling from Brazil's coffee producers.

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