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Rich Asplund

YOU WONT BELIEVE: Arabica coffee settles higher as dollar falls | Mind Blowing Facts

Ice arabica Brazil Robusta United States International Coffee Organization USDA

July arabica coffee (KCN23) on Wednesday closed up +3.20 (+1.70%), and July ICE robusta coffee (RMN23) closed down -6 (-0.25%).

Coffee prices Wednesday settled mixed. A fall in the dollar index Wednesday to a 1-1/2 week low supported coffee prices. However, robusta fell back from a 12-year high and posted modest losses on the increase in inventories after ICE monitored robusta coffee inventories climbed to a 4-1/2 month high Tuesday.

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