
Sep arabica coffee (KCU23) this morning is up +3.00 (+1.86%), and Sep ICE robusta coffee (RMU23) is up +61 (+2.34%).
Coffee prices this morning are moderately higher. Tighter coffee supplies are boosting prices after ICE-monitored robusta coffee inventories last Thursday fell to a record low of 5,096 lots (data history back to 2016). Also, last Thursday, ICE-monitored arabica coffee inventories dropped to an 8-1/2 month low of 527,942 bags. In addition, coffee is seeing support from a lack of sales by coffee farmers in Brazil, who are holding back supplies in anticipation of higher coffee prices.