Arabica Coffee Retreats on Expectations of a Bumper Brazil Coffee Crop
8/5 18:20
July arabica coffee (KCN26 ) on Thursday closed down -10.60 (-3.73%), and July ICE robusta coffee (RMN26 ) closed up +19 (+0.56%). Coffee prices settled mixed on Thursday, with arabica falling sharply to a 2-week low. Expectations of a larger Brazilian coffee crop are negative for prices. Last Thursday, the......