Robusta Coffee 10-T May '23 (RMK23)
Robusta Coffee 10-T Futures Market News and Commentary
July arabica coffee (KCN26) on Tuesday closed up +4.25 (+1.49%), and July ICE robusta coffee (RMN26) closed up +14 (+0.42%).
Coffee prices moved higher on Tuesday, with arabica up sharply at a 1-week high. Â Strength in the Brazilian real is supporting coffee prices, as the real (^USDBRL) surged to a 2.25-year high against the dollar on Tuesday. Â The stronger real discourages export sales from Brazil's coffee farmers. Â
Coffee prices also have support with the ongoing closure of the Strait of Hormuz, which is disrupting global coffee supplies. Â The closure of the strait has tightened coffee supplies by increasing global shipping rates, insurance, fertilizer, and fuel costs, and raising costs for coffee importers and roasters. Â
Expectations of a larger Brazilian coffee crop are negative for prices. Â Last Thursday, the Coffee Trading Academy projected Brazil's 2026/27 coffee harvest will increase by 12% y/y to 71.4 million bags. Â On March 19, Marex Group Plc proje... Read more
Barchart · Tue May 5, 5:18PM CDT
Cotton futures were in turnaround action on Tuesday, as contracts closed with 130 to 188 point gains at the close. The US dollar index is $0.108 higher...
Barchart · Tue May 5, 1:30PM CDT
July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.08 (+0.52%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +5.70 (+1.28%). Sugar prices...
Barchart · Tue May 5, 1:28PM CDT
July ICE NY cocoa (CCN26 ) on Tuesday closed up +191 (+4.92%), and July ICE London cocoa #7 (CAN26 ) closed up +3.80 (+14.14%). Cocoa prices rallied sharply...
Barchart · Tue May 5, 1:26PM CDT
July arabica coffee (KCN26 ) on Tuesday closed up +4.25 (+1.49%), and July ICE robusta coffee (RMN26 ) closed up +14 (+0.42%). Coffee prices moved higher...
Barchart · Tue May 5, 12:27PM CDT
Cotton futures are trading with 134 to 265 point gains on Tuesday. The US dollar index is $0.068 higher at $98.330. Crude oil is down $4.35 to $102.07....
Barchart · Tue May 5, 11:26AM CDT
July NY world sugar #11 (SBN26 ) today is up +0.06 (+0.39%), and Aug London ICE white sugar #5 (SWQ26 ) is up +4.90 (+1.10%). Sugar prices extended their...
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