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Rich Asplund

NY Arabica Coffee Sees Support as Inventories Continue to Fall

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Dec arabica coffee (KCZ23) today is up +0.15 (+0.09%), and Nov ICE robusta coffee (RMX23) is unchanged.

Coffee prices are seeing support from today's mildly weaker dollar and tight inventories.  ICE-monitored arabica coffee inventories Thursday fell to a 1-year low of 406,466 bags.  Meanwhile, ICE-monitored robusta coffee inventories were at 3,968 lots on Friday, just mildly above the record low of 3,374 lots posted on August 31.

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