Coffee Jul '26 (KCN26)
Coffee Futures Market News and Commentary
December arabica coffee (KCZ26) closed down -6.15 (-1.80%) on Tuesday, and November ICE robusta coffee (RMX26) closed down -111 (-2.92%).
Coffee prices gave up an early advance on Tuesday and fell sharply on reports that some warehouses in Brazil are no longer accepting new coffee supplies as space fills up, suggesting farmers holding back sales in hopes of higher prices will have to increase coffee sales as storage space dwindles. Losses in robusta coffee accelerated on Tuesday after ICE robusta coffee inventories jumped to a 9-month high.
Coffee prices initially moved higher on Tuesday, with arabica posting a 7.5-month high and robusta posting a 2.5-week high. The slow pace of Brazil’s coffee harvest is keeping supplies tight and underpinning prices. Last Wednesday, Brazil’s Cooxupe co-op reported that 81.1% of the harvest was complete as of Aug 14, up 7 points from the prior week but still down slightly from 86.1% a year earlier. Also, Safras & Mercado reported on A... Read more
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