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Rich Asplund

UNBELIEVABLE: Mild short covering lifts coffee prices after monday s plunge | History Defined

Ice Brazil NOV NY the USDA FAS Vietnam Cecafe ICO International Coffee Organization USDA

December arabica coffee (KCZ24) today is up +2.35 (+0.96%), and November ICE robusta coffee (RMX24) is up +1 (+0.02%).

Coffee prices today are moderately higher on some mild short covering following Monday's plunge when NY arabica coffee fell by -4.93% and ICE robusta coffee fell by -3.93%.  Gains in coffee were limited as the Brazilin real (^USDBRL) today dropped to a 2-week low against the dollar, encouraging export selling by Brazil's coffee producers.

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