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Rich Asplund

FOUND: Strength in the brazilian real underpins coffee prices - You Need To See This

Ice Brazil Vietnam El Nino ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) on Thursday closed up +1.60 (+1.08%), and Nov ICE robusta coffee (RMX23) closed up +23 (+0.98%).

Coffee prices Thursday settled moderately higher, with arabica climbing to a 1-week high. Wednesday's rally in the Brazilian real (^USDBRL) to a 1-1/2 week high against the dollar underpinned coffee prices. A stronger real discourages export selling from Brazil's coffee producers. Trading activity in coffee today was below average, with Brazil closed for a holiday.

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