Arabica Climbs On Brazilian Real Strength And Smaller Colombian Coffee Exports
Coffee prices this morning are mixed. Strength in the Brazilian real (^USDBRL) supports coffee prices as the real today rallied to a 1-week high against the dollar. A stronger real discourages export selling from Brazil’s coffee producers. Robusta coffee is slightly lower on a rebound in ICE inventories as robusta inventories rose to a 2-1/2 month high today at 7,374 lots.