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Rich Asplund

Coffee Prices Retreat on Possible Boost to Supplies

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December arabica coffee (KCZ26) is down -5.50 (-1.74%) today, and November ICE robusta coffee (RMX26) is down -79 (-2.27%).

Coffee prices are under pressure today on signs of bigger supplies, as nearly 28,000 bags of arabica coffee are pending grading at the Intercontinental Exchange, the highest total in over a month. Also, ICE robusta coffee inventories climbed to an 11.5-month high on Monday.

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