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Barchart
Rich Asplund

UNBELIEVABLE: Tighter inventories boost coffee prices - The Untold Story

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July arabica coffee (KCN26) today is up +0.50 (+0.18%), and July ICE robusta coffee (RMN26) is up +85 (+2.44%).

Coffee prices are moving higher today, with robusta up sharply at a 7-week high.  Tightness in ICE coffee inventories is pushing coffee prices higher.   ICE robusta inventories fell to a 2-year low of 3,642 lots today.  Also, ICE arabica coffee inventories fell to a 2.5-month low of 471,831 bags on Tuesday.

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