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Dollar Strength and Favorable Brazil Crop Outlook Weigh on Coffee Prices

ICE
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May arabica (KCK26) fell 0.95 (-0.32%) and May ICE robusta (RMK26) dropped 48 (-1.36%) today. The move is driven by a stronger dollar (DXY) and outlook for a record Brazilian coffee crop, which are weighing on near-term coffee futures.

Analysis

May arabica (KCK26) fell 0.95 (-0.32%) and May ICE robusta (RMK26) dropped 48 (-1.36%) today. The move is driven by a stronger dollar (DXY) and outlook for a record Brazilian coffee crop, which are weighing on near-term coffee futures.

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