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Barchart
Rich Asplund

BIZARRE: Coffee slips as price consolidate recent rally - You Need To See This

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

December arabica coffee (KCZ24) today is down -5.50 (-2.01%), and November ICE robusta coffee (RMX24) is down -57 (-1.03%).

Coffee prices today are moderately lower as they consolidate this week's sharp rally.  On Thursday, Dec arabica coffee soared to a 13-year nearest-futures high, and Nov robusta rose to a contract high.  Coffee prices have seen strength as adverse weather in key coffee-producing countries may curb global coffee production.  Today's slump in the dollar index (DXY00) to a 14-month low limited losses in coffee.

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