Dec arabica coffee (KCZ23) this morning is up +1.30 (+0.83%), and Nov ICE robusta coffee (RMX23) is up +13 (+0.54%).
Coffee prices this morning extended Tuesday's gains, with arabica climbing to a 4-week high and robusta climbing to a 2-week high. Current coffee inventories are tight and supportive for prices as ICE-monitored arabica coffee inventories Tuesday dropped to an 11-1/4 month low of 432,022 bags. Also, ICE-monitored robusta coffee inventories on August 31 fell to a record low of 3,374 lots (data history back to 2016).
