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Barchart
Barchart
Rich Asplund

RARE PHOTOS: Coffee prices slip as dollar strength sparks long liquidation | Rare Historical Photos

Dec arabica coffee (KCZ23) this morning is down -2.20 (-1.42%), and Nov ICE robusta coffee (RMX23) is down -5 (-0.20%).

Coffee prices this morning are moving lower as a +0.5% rally in the dollar index sparks long liquidation in coffee futures.  Losses are limited due to falling coffee inventories.  ICE-monitored arabica coffee inventories Thursday dropped to a 9-1/2 month low of 484,738 bags.  Also, on Thursday, ICE-monitored robusta coffee inventories fell to a record low of 3,374 lots (data history back to 2016).

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