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Barchart

Rich Asplund

REVEALED: Long liquidation pressures hammer coffee prices - The Real Truth

Ice arabica Brazil USDA Conab Vietnam Vietnam General Statistics Office Volcafe

March arabica coffee (KCH25) Thursday closed down -22.15 (-5.30%), and March ICE robusta coffee (RMH25) closed down -115 (-2.00%).

Coffee prices tumbled Thursday, with arabica falling sharply to a 2-week low. A rebound in arabica coffee inventories sparked long liquidation pressures in arabica coffee futures Thursday. ICE-monitored arabica inventories have rebounded +2.7% higher over the past two sessions to 779,063 bags on Thursday, recovering from Tuesday's 9-month low of 758,514 bags.

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