Coffee May '10 (KCK10)
Coffee Futures Market News and Commentary
May arabica coffee (KCK26) on Thursday closed down -7.80 (-2.56%), and May ICE robusta coffee (RMK26) closed down -54 (-1.53%).
Coffee prices fell sharply on Thursday amid pressure from a stronger dollar. Â The dollar index ($DXY) recovered from a 6-week low on Thursday and moved higher, sparking long liquidation in coffee futures. Â Losses in robusta coffee were limited amid tightness in current supplies as ICE robusta inventories fell to a 1.25-year low of 3,867 lots on Thursday.
Last Wednesday, arabica fell to a 1-month low amid expectations of a record Brazilian coffee crop. Â On March 19, Marex Group Plc projected a record 2026/27 Brazil coffee crop of 75.9 million bags, even higher than Sucafina's forecast of 75.4 million bags, up +15.5% y/y. Â On March 12, StoneX raised its Brazil 2026/27 coffee production estimate to a record 75.3 million bags, up from a November estimate of 70.7 million bags. Â Meanwhile, StoneX projected the 2026 global coffee surplus will expand to... Read more
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