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Barchart
Barchart
Rich Asplund

THE TRUTH ABOUT: Coffee prices settle mixed on short covering | History Defined

Ice Brazil NY the USDA FAS Vietnam Cecafe ICO International Coffee Organization USDA

December arabica coffee (KCZ24) Tuesday closed up +3.55 (+1.45%), and November ICE robusta coffee (RMX24) closed down -12 (-0.25%).

Coffee prices Tuesday settled mixed, with robusta falling to a 1-month low.  Arabica coffee moved higher Tuesday on some short covering following Monday's plunge when NY arabica coffee fell by -4.93%, and ICE robusta coffee fell by -3.93%.  Gains in coffee were limited as the Brazilin real (^USDBRL) Tuesday dropped to a 2-week low against the dollar, encouraging export selling by Brazil's coffee producers.

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