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Barchart
Barchart
Rich Asplund

MYSTERIOUS: Coffee prices settle lower as the brazilian real tumbles - What They Never Told You

May arabica coffee (KCK25) Friday closed down -0.55 (-0.15%), and May ICE robusta coffee (RMK25) closed down -46 (-0.86%).

Coffee prices Friday gave up early gains and turned lower after the Brazilian real (^USDBRL) tumbled to a 1-month low against the dollar.  Weakness in the real this week has sparked long liquidation in coffee futures and knocked coffee prices down to 1-months on Wednesday.  The weaker real encourages export selling by Brazil's coffee producers.

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