CME Coffee Jul '26 (KTN26)
CME Coffee Futures Market News and Commentary
July arabica coffee (KCN26) today is up +4.55 (+1.86%), and July ICE robusta coffee (RMN26) is up +60 (+1.82%).Â
Coffee prices are sharply higher today as short covering emerged after the Japan Meteorological Agency confirmed an El Niño weather pattern had formed across the equatorial Pacific, setting the stage for months of floods, droughts, and temperature fluctuations that could hinder coffee production in Asia and South America.Â
On Tuesday, arabica coffee fell to a 19-month nearest-futures low, and robusta slid to a 2-month low, amid an outlook for a bumper coffee crop this year in Brazil.
Last Wednesday, the USDA’s Foreign Agricultural Service (FAS) forecast a record 2026/27 Brazil coffee crop of 71.9 million bags, up +14% y/y.  Also, Rabobank raised its 2026/27 global arabica coffee surplus estimate to 9.5 million bags from 7.0 million bags previously.
Coffee prices have ratcheted lower over the past six weeks amid an improved global supply outlook. O... Read more
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