Coffee Jul '19 (KCN19)
Coffee Futures Market News and Commentary
September arabica coffee (KCU26) closed down -12.60 (-3.79%) on Monday, and September ICE robusta coffee (RMU26) closed up +4 (+0.11%).
Coffee prices settled mixed on Monday. Arabica coffee closed sharply lower as drier conditions in Brazil’s coffee-growing regions should allow for the pace of the country’s coffee harvest to pick up. Somar Meteorologia reported on Monday that no rain fell in the week ended August 2 in Minas Gerais, Brazil’s biggest coffee-growing region.
The slow pace of Brazil’s coffee harvest is supportive of coffee prices. The harvest among members of Cooxupe co-op was 58.3% complete as of July 24, behind the year-earlier pace of 67%. On July 17, Safras & Mercado reported that Brazil’s 2026/27 coffee harvest was 64% complete as of July 15, behind last year’s comparable level of 77% and the five-year average of 70%.
Rising inventories are weighing on robusta coffee as ICE robusta inventories climbed to a 4.25-month high of 4,254 lots on July... Read more
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September arabica coffee (KCU26 ) closed down -12.60 (-3.79%) on Monday, and September ICE robusta coffee (RMU26 ) closed up +4 (+0.11%). Coffee prices...
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