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Robusta Coffee 10-T May '18 (RMK18)

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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 Tue, Mar 2nd, 2021.
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 Lower on Signs of Adequate Coffee Supplies

May arabica coffee (KCK21) on Monday closed down -1.70 (-1.24%), and May ICE Robusta coffee (RMK21) closed down -8 (-0.54%).

Coffee prices on Monday posted moderate losses. Signs of adequate coffee supplies are weighing on prices after the International Coffee Organization (ICO) reported Monday that Oct-Jan global coffee exports rose +3.7% y/y to 41.876 mln bags.

Coffee prices have rallied sharply over the past two weeks, with May arabica coffee climbing to a 13-1/2 month high last Thursday and the nearest-futures March contract (H21) soaring to a 3-1/2 year high on the outlook for smaller coffee production in Brazil. Rabobank last Tuesday cut its Brazil 2021/22 arabica coffee production estimate to 36 mln bags from a Dec forecast of 37.2 mln bags because of dryness in Brazil. Rabobank also projects a global 2021/22 coffee deficit of -2.6 mln bags from a 10 mln bag surplus in 2020/21.

Adverse weather in Brazil is a major bullish factor for c... Read more

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    An downtrend will start as soon, as the market drops below support level 131, which will be followed by moving down to support level 120

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