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Barchart
Rich Asplund

THE TRUTH ABOUT: Coffee prices post moderate losses as the brazilian real falls - The Untold Story

Ice Brazil Vietnam USDA Drought ICO International Coffee Organization Volcafe

September arabica coffee (KCU24) on Wednesday closed down -4.95 (-2.16%), and July ICE robusta coffee (RMN24) closed down -69 (-1.57%).

Coffee prices Wednesday posted moderate losses due to weakness in the Brazilian real (^USDBRL).  The real on Wednesday tumbled to a 19-month low against the dollar, encouraging export sales from Brazil's coffee producers.  Also, forecasts that called for rain next week in Brazil's coffee-growing regions have eased drought concerns and are weighing on coffee prices.  

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