Robusta Coffee 10-T Jul '26 (RMN26)
Robusta Coffee 10-T Futures Market News and Commentary
May arabica coffee (KCK26) on Tuesday closed up +1.80 (+0.60%), and May ICE robusta coffee (RMK26) closed up +107 (+3.19%).
Coffee prices settled higher on Tuesday, with robusta up sharply at a 1-week high. Â Reduced coffee supplies from Brazil are supporting prices after Cecafe reported on Tuesday that Brazil Mar green coffee exports fell -10% y/y to 2.65 million bags. Â Last Wednesday, Brazil's Trade Ministry reported that Brazil's Mar coffee exports fell -31% y/y to 151,000 MT.
Below-average rainfall in Brazil may curb coffee yields and is bullish for prices after Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 4.2 mm of rain last week, or only 20% of the historical average.
Strength in the Brazilian real is also bullish for coffee prices as the real (^USDBRL) rallied to a 2-year high against the dollar on Tuesday. Â The stronger real discourages export sales from Brazil's coffee producers.
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