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Barchart
Barchart
Rich Asplund

Coffee Sees Pressure from Stronger Dollar

Ice arabica Brazil USDA Robusta

July arabica coffee (KCN23) this morning is down -1.95 (-1.03%), and July ICE robusta coffee (RMN23) is down -60 (-2.28%).

Coffee prices this morning are moderately lower on a rally in the dollar index today to a 2-month high.  Arabica also has carryover pressure from Monday when the USDA's FAS predicted Colombia's 2023/24 coffee production would climb +2% to 11.6 mln bags.  Colombia is the world's second-largest arabica bean producer.  

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