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Barchart
Rich Asplund

Coffee Prices Settle Mixed with Arabica Pressured by Brazilian Real Weakness

Ice Brazil Vietnam the USDA FAS Volcafe

July arabica coffee (KCN24) on Wednesday closed down -1.95 (-0.83%), and July ICE robusta coffee (RMN24) closed up +139 (+3.21%).

Coffee prices Wednesday settled mixed, with robusta rallying sharply to a 2-1/2 month high.  Arabica coffee was pressured by weakness in the Brazilian real (^USDBRL), which fell to a 14-month low against the dollar Wednesday.  A weaker real encourages export selling by Brazil's coffee producers.  

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