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Barchart
Rich Asplund

Coffee Settles Higher on Brazil Real Strength and Tight Robusta Supplies

Brazil Ice Arabica Deficit Vietnam Cecafe Colombia El Nino Rabobank USDA FAS

Sep arabica coffee (KCU23) on Friday closed up +3.20 (+2.03%), and Sep ICE robusta coffee (RMU23) closed up +15 (+0.59%).

Coffee prices Friday settled moderately higher.   Strength in the Brazilian real (^USDBRL) supported coffee prices as the real rose to a 1-1/2 week high Friday against the dollar.  The stronger real discourages export selling from Brazil's coffee producers.

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