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Barchart
Barchart
Rich Asplund

MYSTERIOUS: Brazil real strength and tight global supplies boost coffee prices - You Need To See This

Dec arabica coffee (KCZ23) this morning is up +4.75 (+3.08%), and Nov ICE robusta coffee (RMX23) is up +53 (+2.08%).

Coffee prices this morning are sharply higher and posted 5-week highs.  Strength in the Brazilian real (^USDBRL) is bullish for coffee prices as the real rallied to a 2-week high today against the dollar.  A stronger real discourages export selling from Brazil's coffee producers.

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