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Barchart
Barchart
Rich Asplund

Long Liquidation Pressures Hammer Coffee Prices

March arabica coffee (KCH25) Thursday closed down -22.15 (-5.30%), and March ICE robusta coffee (RMH25) closed down -115 (-2.00%).

Coffee prices tumbled Thursday, with arabica falling sharply to a 2-week low.  A rebound in arabica coffee inventories sparked long liquidation pressures in arabica coffee futures Thursday.  ICE-monitored arabica inventories have rebounded +2.7% higher over the past two sessions to 779,063 bags on Thursday, recovering from Tuesday's  9-month low of 758,514 bags.

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