December arabica coffee (KCZ24) today is down -5.50 (-2.01%), and November ICE robusta coffee (RMX24) is down -57 (-1.03%).
Coffee prices today are moderately lower as they consolidate this week's sharp rally. On Thursday, Dec arabica coffee soared to a 13-year nearest-futures high, and Nov robusta rose to a contract high. Coffee prices have seen strength as adverse weather in key coffee-producing countries may curb global coffee production. Today's slump in the dollar index (DXY00) to a 14-month low limited losses in coffee.
