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Rich Asplund

HISTORICAL FACTS: Pre weekend short covering boosts coffee prices - The Untold Story

Ice Brazil the USDA FAS Vietnam Cecafe International Coffee Organization USDA

December arabica coffee (KCZ24) today is up +2.50 (+1.02%), and November ICE robusta coffee (RMX24) is up +18 (+0.41%).

Coffee prices today are moderately higher, as pre-weekend short covering in coffee futures is boosting prices. Coffee prices have been under pressure this week, with arabica coffee posting a 2-week low Thursday and robusta coffee posting a 2-1/2 month low today.

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