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Barchart
Rich Asplund

REVEALED: Coffee prices gain on strength in brazilian real - The Real Truth

Ice Brazil arabica Vietnam ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) this morning is up +2.35 (+1.55%), and Nov ICE robusta coffee (RMX23) is up +16 (+0.65%).

Coffee prices this morning are moderately higher, with arabica posting a 1-week high and robusta coffee climbing to a 1-1/2 week high.  Today's rally in the Brazilian real (^USDBRL) to a 2-week high is bullish for coffee prices.  A stronger real discourages export selling from Brazil's coffee producers.

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