July arabica coffee (KCN23) this morning is down -2.35 (-1.26%), and July ICE robusta coffee (RMN23) is down -17 (-0.61%).
Coffee prices this morning are moderately lower, with robusta falling back from a record high (data from 2008). A recovery in the dollar today sparked long liquidation pressures in coffee futures after the dollar index rebounded from a 5-week low and moved higher. Coffee prices also fell today on a report from Bloomberg that said the world's biggest coffee makers are delaying bean purchases from Brazil as they use up stockpiles accumulated during the pandemic and wait for lower prices.
