CME Coffee Mar '09 (KTH09)
CME Coffee Futures Market News and Commentary
May arabica coffee (KCK26) on Thursday closed down -0.35 (-0.12%), and May ICE robusta coffee (RMK26) closed down -18 (-0.54%).
Coffee prices settled lower on Thursday as they consolidated recent losses. Â Strength in the Brazilian real limited losses in coffee prices as the real (^USDBRL) rallied to a 23-month high against the dollar on Thursday. Â The stronger real discourages export sales from Brazil's coffee producers.
On Wednesday, arabica fell to a 3-week low and robusta dropped to an 8-month nearest-futures 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 10 milli... Read more
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