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Barchart
Barchart
Rich Asplund

Coffee Settles Mixed as Weather Concerns Support Prices

Ice Brazil Vietnam International Coffee Organization the USDA FAS USDA Volcafe

July arabica coffee (KCN24) on Thursday closed up +2.25 (+0.97%), and July ICE robusta coffee (RMN24) closed down -46 (-1.03%).

Coffee prices Thursday finished mixed.  Arabica and robusta coffee on Thursday posted 6-week highs on weather concerns in Brazil and Vietnam.  However, robusta gave up its gains and turned lower as long liquidation pressures emerged after ICE-monitored robusta coffee inventories on Thursday rose to a 10-month high of 5,167 lots.  

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