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Rich Asplund

Coffee Prices Sharply Higher on Brazilian Real Strength and Brazil Crop Concerns

Ice Brazil United States Conab the USDA FAS Vietnam Rabobank Volcafe

July arabica coffee (KCN25) Wednesday closed up +13.00 (+3.49%), and May ICE robusta coffee (RMK25) closed up +100 (+1.91%).

Coffee prices on Wednesday settled higher, with arabica up sharply at a 3-week high. Strength in the Brazilian real (^USDBRL) is supportive of coffee prices. On Wednesday, the real climbed to a 2-1/2 week high against the dollar, discouraging export sales from Brazil's coffee producers.

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