Short Covering Boosts Coffee Prices as the Brazilian Real Rallies

March arabica coffee (KCH26 ) on Monday closed up +3.30 (+1.11%), and March ICE robusta coffee (RMH26 ) closed up +79 (+2.10%). Coffee prices recovered from early losses on Monday and settled higher after the Brazilian real (^USDBRL ) jumped to a 1-week high against the dollar, discouraging export sales…