Coffee Mar '26 (KCH26)
Coffee Futures Market News and Commentary
July arabica coffee (KCN26) today is up +0.85 (+0.34%), and July ICE robusta coffee (RMN26) is down -45 (-1.34%).Â
Coffee prices bounced off early lows today and are mixed, with arabica posting a 19-month nearest-futures low and robusta posting a 7-week low. Short covering emerged in arabica coffee today amid persistent tightness in the spot market as ICE-monitored arabica coffee inventories fell to a 3.75-month low on Thursday.Â
The outlook for a record Brazil coffee crop is weighing on prices after the USDA’s Foreign Agricultural Service (FAS) on Wednesday 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 would increase by 12% y/y... Read more
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