Coffee Jul '19 (KCN19)
Coffee Futures Market News and Commentary
July arabica coffee (KCN26) on Thursday closed down -10.60 (-3.73%), and July ICE robusta coffee (RMN26) closed up +19 (+0.56%).
Coffee prices settled mixed on Thursday, with arabica falling sharply to a 2-week low.
Expectations of a larger Brazilian coffee crop are negative for prices. Last Thursday, the Coffee Trading Academy projected Brazil's 2026/27 coffee harvest will 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 Sucafina's forecast of 75.4 million bags (+15.5% y/y). 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. Meanwhile, StoneX projected the 2026 global coffee surplus will expand to 10 million bags from 1.8 million bags in 2025, the biggest surplus in 6 years.
Soaring coffee exports from Vietnam, the world's largest robusta producer, are bear... Read more
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