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Barchart
Rich Asplund

Coffee Settles Moderately Higher on Brazilian Real Strength and Tight Supplies

Brazil Ice Deficit Vietnam Cecafe Colombia El Nino Rabobank USDA FAS

Sep arabica coffee (KCU23) on Monday closed up +1.15 (+0.71%), and Sep ICE robusta coffee (RMU23) closed up +47 (+1.81%).

Coffee prices Monday rallied to 3-1/2 week highs and closed moderately higher.   Strength in the Brazilian real  (^USDBRL) boosted coffee prices as the real Monday jumped to a 13-1/2 month high against the dollar.  The stronger real discourages export selling from Brazil's coffee producers.

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