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Rich Asplund

HISTORICAL FACTS: Robusta coffee soars to a record high on global supply concerns - The Untold Story

Ice Brazil Vietnam International Coffee Organization USDA

May arabica coffee (KCK24) this morning is up +5.30 (+2.84%), and May ICE robusta coffee (RMK24) is up +87 (+2.63%).

Coffee prices this morning are sharply higher, with May arabica posting a 2-1/4 month high and May robusta posting a contract high. Also, nearest-futures (H24) robusta soared to a new record high.

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