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Market Impact: 0.4
Coffee Prices Retreat on the Outlook for Bigger Brazil Exports
Source: Nasdaq
Commodities & Raw MaterialsEnergy Markets & Prices
ICE arabica coffee for December (KCZ26) is down 4.55 cents (-1.33%) and November robusta (RMX26) is down 114 (-3.00%). Prices reversed an early gain and sold off as reports said some Brazilian warehouses are no longer accepting new supplies due to storage space filling up. The developments suggest near-term tightening in delivery/availability dynamics and weigh on coffee futures.
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