May arabica coffee is up +3.40 (+1.16%) and May ICE robusta is up +77 (+2.25%) after the Brazilian real rallied to a 1.5-week high, triggering short covering in coffee futures. The stronger real reduced export pressure and prompted short-covering flow, driving sharp intraday gains in coffee contracts.
May arabica coffee is up +3.40 (+1.16%) and May ICE robusta is up +77 (+2.25%) after the Brazilian real rallied to a 1.5-week high, triggering short covering in coffee futures. The stronger real reduced export pressure and prompted short-covering flow, driving sharp intraday gains in coffee contracts.
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mildly positive
Sentiment Score
0.20
