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Barchart
Barchart
Rich Asplund

Short Covering Pushes Coffee Prices Higher

Ice Brazil the USDA FAS USDA Vietnam Cecafe International Coffee Organization

December arabica coffee (KCZ24) Friday closed up +2.95 (+1.20%), and November ICE robusta coffee (RMX24) closed up +62 (+1.42%).

Coffee prices Friday settled moderately higher as pre-weekend short covering boosted prices.  Coffee prices have been under pressure this week, with arabica coffee posting a 2-week low Thursday and robusta coffee posting a 2-1/2 month low Friday.

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