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Rich Asplund

UNBELIEVABLE: Coffee prices pressured from rising ice inventories - The Untold Story

Ice Brazil the USDA FAS Vietnam International Coffee Organization Rabobank

May arabica coffee (KCK24) this morning is down -0.30 (-0.16%), and ICE robusta coffee (RMK24) is down -20 (-0.60%).

Coffee prices this morning gave up an early advance and turned lower on a rebound in ICE coffee supplies. ICE arabica coffee inventories climbed to a 7-1/2 month high Tuesday of 532,266 bags, and ICE robusta coffee inventories rose to a 7-week high today of 2,859 lots.

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