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Traders were looking at the moves [ Arabica Coffee KC bounced more than 2. After briefly breaking above downchannel resistance The coffee market has given back all of the October gains, but support and seasonals should be supportive.
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Main View Technical Performance Custom. Coffee Futures Market News and Commentary. Ample supplies and beneficial weather weighed on coffee prices Friday. The outlook for a record coffee crop in Brazil and a global supply glut continues to weigh on coffee prices.
Coffee prices recovered from their worst levels Friday after the Brazilian real rallied to a 2-month high against the dollar, which discourages exports by Brazil's coffee producers. Robusta coffee prices moved lower after Vietnam's National Center for Hydro-Meteorological Forecasting predicted mm of rainfall in January for the Central Highlands, Vietnam's biggest-coffee producing region, above the year average of 5 mm.
Mar robusta coffee rallied to a 3-week high earlier on Thursday on signs of smaller global robusta supplies. Big Picture Coffee Market Factors: Want to use this as your default charts setting? Learn about our Custom Templates. Switch the Market flag above for targeted data.