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Rich Asplund

Coffee Prices Settle Higher as the Brazilian Real Rallies

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March arabica coffee (KCH26) on Friday closed up +1.50 (+0.40%), and January ICE robusta coffee (RMF26) closed up +26 (+0.57%).

Coffee prices climbed to 1-week highs on Friday and settled higher due to strength in the Brazilian real. Short covering emerged in coffee futures on Friday after the real (^USDBRL) rallied to a 1-week high against the dollar, discouraging export sales by Brazilian coffee producers.

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