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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Coffee prices consolidate this week s sharp rally - The Untold Story

September arabica coffee (KCU24) today is down -6.10 (-2.44%), and Sep ICE robusta coffee (RMU24) is down -153 (-3.30%).

Coffee prices today are moderately lower as they give back some of this week's sharp gains and consolidate the recent rally.   Losses in robusta coffee accelerated today on a rebound in inventories after ICE-monitored robusta coffee inventories rose to a 1-year high of 6,057 lots.

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