Robusta Coffee 10-T Mar '20 (RMH20)
Robusta Coffee 10-T Futures Market News and Commentary
Mar arabica coffee (KCH20) on Friday closed down -0.80 (-0.71%), and Mar ICE Robusta coffee (DFH0) closed up +5 (+0.38%).
Coffee prices extended month long decline on Friday with arabica coffee falling to a 1-3/4 month low. The outlook for a rebound in Brazil coffee output is fueling fund selling of coffee futures after Conab, Brazil government's forecasting agency, said Thursday that it sees Brazil 2020/21 coffee production rising to 57.2-62.0 mln bags, up as much as +25.8% from 49.3 mln bags in 2019/20 as the crop moves into the higher yielding half of its two-year cycle.
Current coffee supplies are ample after Wednesday's data from Cecafe, Brazil's coffee export council, showed that Brazil's full-year 2019 green coffee exports climbed +14.8% y/y to a record 36.6 mln bags, although those exports in December fell -25.9% y/y to 2.690 mln bags.
Arabica coffee prices are also on the defensive after the Brazilian real fell to a 6-week low against the dollar on Thur... Read more
- Cotton Prices Break 3 Day Losing Streak
- Cotton July 2020
This Highly Accurate Multiple Time Frame Technical Analysis is a Must See!
- Blue Line Breakfast Report - Sugar Cocoa Coffee OJ - January 19
Actionable Trading Ideas that help you stay ahead of the markets
- Livestock Report
- Softs Report 01/17/2020
COTTON General Comments: Cotton was a little lower on follow through selling around the trade deal signed by the US and the Chinese. The [...]
- When To Buy Coffee
Mar 20 coffee futures have started the day with prices falling down even further form those mid-December highs as traders search for a sign of the bottom....