Coffee Mar '28 (KCH28)
Coffee Futures Market News and Commentary
September arabica coffee (KCU26) closed down -5.25 (-1.61%) on Thursday, and September ICE robusta coffee (RMU26) closed down -93 (-2.39%).
Coffee prices retreated on Thursday on forecasts for dry weather in Brazil’s coffee-growing regions into next week, which should allow the coffee beans to dry and allow farmers to accelerate the pace of the country’s coffee harvest. On Monday, Somar Meteorologia reported that no rain fell in the week ended August 2 in Brazil’s Minas Gerais, the country’s main arabica-coffee growing region.
On Wednesday, robusta rose to a 1-week high after rain chances were reduced for Vietnam’s Central Highlands, the country’s main coffee-producing region. Vietnam’s Central Highlands monsoon season runs from May to October.
Arabica has support due to the slow pace of Brazil’s coffee harvest. The harvest among members of Cooxupe co-op was 67.3% complete as of July 31, behind the year-earlier pace of 74.2%. On July 17, Safras & Mercado repor... Read more
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