Coffee May '13 (KCK13)
Coffee Futures Market News and Commentary
July arabica coffee (KCN26) on Tuesday closed down -1.50 (-0.61%), and July ICE robusta coffee (RMN26) closed down -40 (-1.20%).Â
Coffee prices settled lower on Tuesday, with arabica falling to a 19-month nearest-futures low and robusta sliding to a 2-month low. The ongoing coffee harvest in Brazil, expected to produce a bumper crop, is weighing on coffee prices.
Last Wednesday, the USDA’s Foreign Agricultural Service (FAS) 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 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 Suca... Read more
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