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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 Thu, Oct 1st, 2020.
Latest price quotes as of [[ snapshotDate ]].
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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 Sink to 2-1/4 Month lows as Rain in Brazil Sparks Fund Selling

Dec arabica coffee (KCZ20) this morning is down -3.00 (-2.70%). Jan ICE Robusta coffee (RMF21) is down -19 (-1.43%).

Coffee prices this morning tumbled to fresh 2-1/4 month lows as recent rain in Brazil eased concerns about dry conditions and sparked fund selling in coffee futures. Somar Meteorologia on Monday reported that rain in Minas Gerais measured 31.5 mm in the past week or 157% of the historical average. Dry weather in Brazil has recently been a supportive factor for sugar prices. The U.S. Climate Prediction Center last Thursday said a La Nina weather pattern has emerged in the Pacific Ocean, which could lead to below-average precipitation in Brazil in Q4.

Weakness in the Brazilian real is also negative for arabica coffee prices as the real today is down -0.59% and just above Tuesday's 4-month low against the dollar. A weaker real encourages export-selling by Brazil's coffee producers.

Coffee prices are also under pressure on signs of bigger coffee suppl... Read more

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