
Dec arabica coffee (KCZ23) on Thursday closed up +5.90 (+3.73%), and Nov ICE robusta coffee (RMX23) closed up +76 (+3.14%).
Coffee prices on Thursday rallied sharply and posted 1-month highs. Shrinking coffee inventories are pushing coffee prices higher as ICE-monitored arabica coffee inventories Thursday dropped to an 11-1/4 month low of 421,614 bags. Also, ICE-monitored robusta coffee inventories are just above the record low of 3,374 lots posted on August 31.