Robusta Coffee 10-T Jan '24 (RMF24)
Robusta Coffee 10-T Futures Market News and Commentary
September arabica coffee (KCU26) on Thursday closed down -8.70 (-2.81%), and September ICE robusta coffee (RMU26) closed up +12 (+0.32%).
Coffee prices fell from fresh 4.75-month highs on Thursday and settled mixed. Arabica coffee erased early gains on Thursday and fell sharply as profit-taking and long liquidation pressured prices ahead of the long holiday weekend, with US markets closed on Friday for a holiday.Â
Coffee prices have found support amid heavy rains in Brazil, which have delayed the country’s coffee harvest, raising concerns about the crop. Somar Meteorologia reported on Monday that rainfall in Minas Gerais, Brazil’s biggest coffee-growing region, was 31.3 mm of rain in the week through June 28, or 1,956% of the historical average.Â
Coffee prices have moved sharply higher over the past three weeks as heavy rains in Brazil have disrupted fieldwork and may have lowered coffee crop quality. Also, Brazilian coffee farmers are holding back on sales, hop... Read more
Barchart · Thu Jul 2, 5:37PM CDT
Cotton futures closed with contracts 20 to 72 points higher on Thursday, as December was up 74 points this week. The US dollar index is down $0.506 at...
Barchart · Thu Jul 2, 1:22PM CDT
October NY world sugar #11 (SBV26 ) on Thursday closed down -0.14 (-0.93%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +0.20 (+0.04%). Sugar...
Barchart · Thu Jul 2, 1:21PM CDT
September ICE NY cocoa (CCU26 ) on Thursday closed down -56 (-1.10%), and September ICE London cocoa #7 (CAU26 ) closed down -71 (-1.86%). Cocoa prices...
Barchart · Thu Jul 2, 1:19PM CDT
September arabica coffee (KCU26 ) on Thursday closed down -8.70 (-2.81%), and September ICE robusta coffee (RMU26 ) closed up +12 (+0.32%). Coffee prices...
Barchart · 3 minutes ago
Cadence Design is expected to release its fiscal Q2 earnings soon, and analysts project a significant EPS rise.
Barchart · 5 minutes ago
As Alphabet preps to release its latest earnings ink, will its AI push and cloud momentum continue to power the stock higher?
Barchart · 17 minutes ago
Pentair is expected to announce its second-quarter results soon, and analysts predict a single-digit growth in the company’s bottom-line figure.
Barchart · 20 minutes ago
Comcast is shaking up its business with a landmark split, giving investors a new reason to take a fresh look at the stock.
Barchart · 20 minutes ago
When copper is rising, the global economic engine is typically expanding. When it rolls over, a broader economic slowdown is usually right around the corner. Let's...
Barchart · 20 minutes ago
GE Vernova is carrying robust AI-driven momentum and major infrastructure wins into its closely watched July 22 earnings report.
Barchart · 29 minutes ago
Synchrony is gearing up to release its Q2 earnings report on July 21, and analysts forecast a double-digit decline in earnings.
Barchart · 48 minutes ago
Invesco is expected to announce its second-quarter results later this month, and analysts predict a double-digit growth in the company’s bottom-line...