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Rich Asplund

INSANE: Coffee prices settle higher on brazilian real strength - The Real Truth

Ice Brazil arabica Vietnam El Nino ICO the US Climate Prediction Center USDA FAS

Dec arabica coffee (KCZ23) on Monday closed up +0.60 (+0.36%), and Nov ICE robusta coffee (RMX23) closed up +68 (+2.64%).

Coffee prices Monday extended last week's rally, with arabica posting a 2-1/2 month high and robusta posting a 5-week high. Monday's rally in the Brazilian real (^USDBRL) to a 3-week high against the dollar supported coffee prices. The stronger real discourages export selling from Brazil's coffee producers.

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