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Barchart
Barchart
Rich Asplund

FOUND: Coffee prices weighed down by brazilian real weakness - You Need To See This

Ice Brazil Vietnam ICO International Coffee Organization the USDA FAS USDA Volcafe

July arabica coffee (KCN24) today is down -0.85 (-0.37%), and July ICE robusta coffee (RMN24) is down -60 (-1.44%).

Coffee prices today are under pressure, with robusta falling to a 2-1/2 week low.  Weakness in the Brazilian real (^USDBRL) is undercutting coffee prices as the real fell to a 17-month low against the dollar today.  The weaker real encourages export selling by Brazil's coffee producers.

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