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Barchart
Rich Asplund

Coffee Prices Retreat as They Consolidate This Week's Rally

Ice Brazil Vietnam the USDA FAS Deficit ICO the International Coffee Organization USDA Volcafe

September arabica coffee (KCU24) on Wednesday closed down -6.40 (-2.56%), and Sep ICE robusta coffee (RMU24) closed down -157 (-3.39%).

Coffee prices Wednesday closed sharply lower as they gave back some of this week's sharp gains and consolidated the recent rally.   Losses in robusta coffee accelerated Wednesday on a rebound in inventories after ICE-monitored robusta coffee inventories rose to a 1-year high of 6,057 lots.

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