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Barchart

Rich Asplund

Coffee Prices Recover on Brazilian Real Strength and Smaller Brazil Coffee Exports

Ice Brazil United States the USDA FAS USDA Vietnam Conab Rabobank Vietnam National Statistics Office Volcafe

July arabica coffee (KCN25) today is up +4.80 (+1.29%), and July ICE robusta coffee (RMN25) is up +71 (+1.41%).

Coffee prices recovered from early losses and are moving higher as today's rally in the Brazilian real (^USDBRL) to a 5-week high sparked short covering in coffee futures. The stronger real discourages export selling from Brazil's coffee producers.

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