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Barchart

Rich Asplund

HISTORICAL FACTS: Short covering boosts coffee prices - The Untold Story

Ice Brazil USDA Vietnam ICO

December arabica coffee (KCZ26) closed up +3.25 (+1.18%) on Friday, and November ICE robusta coffee (RMX26) closed up +77 (+2.34%).

Coffee prices settled higher on Friday, with arabica posting a 1-week high. Friday’s decline in the dollar index ($DXY) sparked fund short covering in coffee futures and boosted prices.

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