Robusta Coffee 10-T Mar '28 (RMH28)
Robusta Coffee 10-T Futures Market News and Commentary
September arabica coffee (KCU26) closed down -3.90 (-1.07%) on Wednesday, and September ICE robusta coffee (RMU26) closed down -37 (-0.99%).
Coffee prices came under pressure on Wednesday as drier weather in Brazil has allowed for the pace of the country’s coffee harvest to accelerate. Brazil’s Cooxupe co-op reported on Wednesday 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.
Below-normal rainfall in Brazil should speed up the pace of the country's coffee harvest, a bearish factor for prices. Somar Meteorologia reported on Monday that 0.6 mm of rain, or 11% of the historical average, fell in the week ended August 16 in Brazil's Minas Gerais, the country's main arabica-coffee growing region.
On Tuesday, arabica prices surged to a 6.5-month high as the slow pace of Brazil's coffee harvest is limiting coffee supplies. Safras & Mercado reported last Friday that the Brazil 2026/27... Read more
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