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Barchart
Barchart
Rich Asplund

Weakness in the Brazilian Real Weighs on Coffee Prices

December arabica coffee (KCZ25) on Thursday closed down -5.80 (-1.51%), and November ICE robusta coffee (RMX25) closed down -81 (-1.84%).

Coffee prices gave up an early advance on Thursday and moved sharply lower due to weakness in the Brazilian real (^USDBRL).  Long liquidation emerged in coffee futures on Thursday after the real tumbled to a 2.5-week low against the dollar, which encourages export selling from Brazil's coffee producers.

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