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Barchart
Barchart
Rich Asplund

UNBELIEVABLE: Coffee posts moderate gains on a weaker dollar - Caught on Camera

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Dec arabica coffee (KCZ23) on Tuesday closed up +0.35 (+0.23%), and Nov ICE robusta coffee (RMX23) closed up +12 (+0.49%).

Coffee prices Tuesday closed moderately higher, with robusta posting a 2-week high.  A weaker dollar Tuesday sparked some short covering in coffee futures.  Also, robusta has support on record low supplies after ICE-monitored robusta coffee inventories on Tuesday fell to a record low of 3,384 lots (data history back to 2016).

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