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Barchart
Barchart
Rich Asplund

Strength in the Brazilian Real Sparks Short-Covering in Coffee Futures

Brazil Ice Vietnam FAs

May arabica coffee (KCK26) today is up +3.40 (+1.16%), and May ICE robusta coffee (RMK26) is up +77 (+2.25%).

Coffee prices are moving sharply higher today as a rally in the Brazilian real (^USDBRL) to a 1.5-week high has sparked short covering in coffee futures.  The stronger real discourages export sales from Brazil's coffee producers.

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