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Rich Asplund

FOUND: Arabica coffee posts moderate losses as ice inventories rebound | Mind Blowing Facts

Ice Brazil Conab USDA Vietnam the USDA FAS Vietnam General Statistics Office Volcafe

May arabica coffee (KCK25) Wednesday closed down -0.70 (-0.19%), and May ICE robusta coffee (RMK25) closed up +3 (+0.06%).

On Wednesday, Coffee prices settled mixed and extended their week-long slide, with arabica coffee falling to a 3-week low and robusta posting a 1-month low.   Wednesday's stronger dollar weighed on most commodity prices, including coffee.  Arabica coffee prices were also under pressure Wednesday as ICE-monitored arabica inventories rebounded higher to a 1-week high of 803,066 bags on Tuesday from last Tuesday's 9-month low of 758,514 bags.   However, robusta coffee Wednesday recovered early losses and settled slightly higher after ICE-monitored robusta coffee inventories fell to a 2-month low of 4,296 lots.

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