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Barchart
Barchart
Rich Asplund

Dollar Weakness Spurs Short Covering in Coffee

Ice Brazil Vietnam USDA Cecafe the International Coffee Organization

March arabica coffee (KCH25) Wednesday closed up +8.20 (+2.77%), and January ICE robusta coffee (RMF25) closed up +144 (+3.11%).

Coffee prices rose sharply Wednesday, recovering some of the significant losses from Tuesday and Monday.  Wednesday's dollar weakness sparked some short-covering in coffee futures.  Robusta also rose Wednesday on reports that heavy rain in Vietnam is continuing to delay the coffee harvest.

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