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Robusta Coffee 10-T Sep '23 (RMU23)
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Robusta Coffee 10-T Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Robusta Coffee 10-T prices and Robusta Coffee 10-T futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Fri, Jun 9th, 2023.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Robusta Coffee 10-T Historical Prices page.

Robusta Coffee 10-T Futures Market News and Commentary

Coffee Prices Settle Sharply Higher as an El Nino Weather Pattern Develops

July arabica coffee (KCN23) on Thursday closed up +9.45 (+5.10%), and July ICE robusta coffee (RMN23) closed up +86 (+3.22%).

Coffee prices Thursday settled sharply higher, with arabica posting a 3-week nearest-futures high and robusta posting a 2-week high.  Fund buying fueled a surge in coffee prices Thursday as an El Nino weather event has begun, which could undercut global coffee production.  The U.S. Climate Prediction Center said Thursday that sea surface temperatures across the equatorial Pacific Ocean had risen 0.5 degrees Celsius above normal, and wind patterns have changed to the point where El Nino criteria have been met.  An El Nino pattern typically brings heavy rains to Brazil and drought to India, negatively impacting coffee crop production.  

A slump in the dollar index (DXY00) Thursday to a 2-week low is bullish for coffee prices.  Also, smaller ICE arabica inventories are supportive as ICE arabica coffee inventories have steadily declined over the past... Read more

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