Coffee Mar '19 (KCH19)
Coffee Futures Market News and Commentary
July arabica coffee (KCN26) on Wednesday closed down -6.10 (-2.35%), and July ICE robusta coffee (RMN26) closed down -91 (-2.63%).Â
Coffee prices sold off sharply on Wednesday, with arabica posting a 1.5-year nearest-futures low and robusta posting a 7-week low.  The outlook for a record Brazil coffee crop is weighing on prices after the USDA’s Foreign Agricultural Service (FAS) today 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. On May 7, the Coffee Trading Academy projected Brazil’s 2026/27 coffee harvest will increase by 12% y/y to 71.4 million bags. On March 19, Marex Group Plc projected a record 2026/27 Brazilian coffee crop of 75.9 million bags, surpassing Sucafina’s forecast of 75.4 million bags (+15.5% y/... Read more
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