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Barchart
Barchart
Rich Asplund

Record Low Brazilian Real Spurs Long Liquidation in Coffee Futures

March arabica coffee (KCH25) Tuesday closed down -2.45 (-0.75%), and January ICE robusta coffee (RMF25) closed down -14 (-0.27%).

Coffee prices on Tuesday posted moderate losses after a slump in the Brazilian real (^USDBRL) to a record low against the dollar spurred long liquidation in coffee futures.  The weaker real encourages export selling by Brazil's coffee producers, thus boosting supplies.

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