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Barchart
Barchart
Rich Asplund

Coffee Prices Retreat as Brazilian Real Weakness Sparks Long Liquidation

Ice Brazil Vietnam USDA ICO the USDA FAS Volcafe

December arabica coffee (KCZ24) today is down -10.10 (-3.94%).  November ICE robusta coffee (RMX24) is down -108 (-2.19%).

Coffee prices today are sharply lower as weakness in the Brazilian real (^USDBRL) has sparked long liquidation pressures in coffee futures.  The real today fell to a 3-week low against the dollar, encouraging export selling from Brazil's coffee producers.

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