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Rich Asplund

FORGOTTEN HISTORY: Coffee prices settle lower as ice inventories rebound | History Defined

Ice Brazil Vietnam the USDA FAS

July arabica coffee (KCN24) on Wednesday closed down -0.65 (-0.30%), and July ICE robusta coffee (RMN24) closed down -43 (-1.07%).

Coffee prices Wednesday gave up early gains, dropped to new 2-week lows, and settled moderately lower. A rebound in ICE coffee supplies weighed on prices after ICE-monitored arabica coffee inventories rose to a 1-year high on Wednesday, and ICE-monitored robusta coffee inventories rose to a 5-month high.

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