
July arabica coffee (KCN25) Thursday closed up +13.60 (+3.93%), and July ICE robusta coffee (RMN25) closed up +121 (+2.71%).
Coffee prices rallied sharply on Thursday to 1-week highs. Thursday's rally in the Brazilian real (^USDBRL) to a 7-1/2 month high against the dollar sparked fund short covering in coffee futures. The stronger Brazilian real discourages export selling from Brazil's coffee producers.