Arabica Coffee Prices Supported By Supply ConcernsMarch arabica coffee (KCH23) this morning is up +0.60 (+0.35%), and Mar ICE robusta coffee (RMH23) is down -15 (-0.73%).
Coffee Closes Moderately Higher On Short Covering And Technical BuyingMarch arabica coffee (KCH23) on Friday closed up +2.75 (+1.65%), and Mar ICE robusta coffee (RMH23) closed up +59 (+2.96%).
Coffee Steaming Again After 4 Months in the ColdAfter four months in the cold, arabica prices are steaming again, with the benchmark March contract on ICE Futures U.S. hitting a three-week high of $1.68 a lb on Thursday after a 20-month bottom of $1.42 per lb on Jan. 11.
Coffee Correction Could Be A Buying OpportunityArabica coffee futures trade in the U.S. on the Intercontinental Exchange in the soft commodity sector of the raw materials asset class. Brazil is the world’s top producer and exporter of Arabica beans. Robusta coffee futures trade in Europe on the Intercontinental Exchange.
Coffee Ends Slightly Lower On Favorable Weather In BrazilMarch arabica coffee (KCH23) on Tuesday closed down -0.60 (-0.40%), and Mar ICE robusta coffee (RMH23) closed down -12 (-0.63%).
Coffee Prices Retreat As Supply Concerns EaseMarch arabica coffee (KCH23) this morning is down -4.15 (-2.39%), and Mar ICE robusta coffee (RMH23) is down -44 (-2.35%).
Arabica Coffee Closes Lower On Brazilian Real WeaknessMarch arabica coffee (KCH23) on Tuesday closed down -5.05 (-2.94%), and Mar ICE robusta coffee (RMH23) did not trade Tuesday, with UK markets closed for the Christmas holiday.
Coffee Prices See Support From Weaker Dollar And Technical BuyingMarch arabica coffee (KCH23) on Friday closed up +3.10 (+1.84%), and Jan ICE robusta coffee (RMF23) closed up 2 (+0.10%).
Coffee Prices Slightly Lower On Dollar StrengthMarch arabica coffee (KCH23) this morning is down -0.30 (-0.18%), and Jan ICE robusta coffee (RMF23) is down -12 (-0.61%).
Coffee Rallies After USDA Cuts Its Global Coffee Production EstimateMarch Arabica coffee on Wednesday closed up +1.55 (+0.92%), and Jan ICE robusta coffee closed up +20 (+1.02%).