Arabica Coffee Futures Ended Lower, Ends a Six-Day Rally Streak

Coffee Network - Arabica coffee futures at the InterContinental Exchange ended lower on Thursday, ending a six-day rally as the Brazilian real weakened.

The December contract ended at 122.05 cents per pound, down from Wednesday’s closing mark of 122.55 cents. Trading ranged between 123.40 cents per pound and 121.30 cents per pound. A total of 81,575 lots changed hands.

 The real weakened 0.75% to 3. 37132, halting the short covering rally on another day of impressive volume. The robusta traded at $1,756/ tonne, up one percentage point. Trading ranged between $1,770 and $1,739. The Dow Jones Industrial Average was down 1.71% to 25,265.72.