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Barchart
Barchart
Rich Asplund

SHOCKING: Coffee settles mixed as weather concerns support prices - What They Never Told You

Ice Brazil Vietnam International Coffee Organization the USDA FAS USDA Volcafe

July arabica coffee (KCN24) on Thursday closed up +2.25 (+0.97%), and July ICE robusta coffee (RMN24) closed down -46 (-1.03%).

Coffee prices Thursday finished mixed.  Arabica and robusta coffee on Thursday posted 6-week highs on weather concerns in Brazil and Vietnam.  However, robusta gave up its gains and turned lower as long liquidation pressures emerged after ICE-monitored robusta coffee inventories on Thursday rose to a 10-month high of 5,167 lots.  

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