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Rich Asplund

FOUND: Arabica coffee pushes higher as tight supplies spark fund buying - What They Never Told You

Ice arabica Brazil International Coffee Organization USDA

May arabica coffee (KCK23) this morning is up +3.75 (+1.87%), and May ICE robusta coffee (RMK23) is up +2 (+0.08%).

Coffee prices this morning are moderately higher, with arabica posting a 6-1/4 month nearest-futures high. Expectations for smaller global coffee supplies are fueling fund buying of coffee futures. Also, ICE monitored arabica coffee inventories Monday fell to a 4-month low of 709,612 bags. Gains in robusta today are limited by increased supplies after ICE monitored robusta coffee inventories climbed to a 4-1/4 month high.

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