Robusta Coffee 10-T May '24 (RMK24)
Robusta Coffee 10-T Futures Market News and Commentary
September arabica coffee (KCU26) on Thursday closed down -14.15 (-4.33%), and September ICE robusta coffee (RMU26) closed down -114 (-2.91%).
Coffee prices settled sharply lower on Thursday, with arabica sliding to a 1-week low. Strength in Brazil’s coffee exports weighed on prices on Thursday after Cecafe reported that Brazil’s Jun green coffee exports jumped +14.4% y/y to 2.64 million bags.
Since posting 5.5-month highs last week, coffee prices have whipsawed in a wide range below those highs amid illiquid trading conditions, leading to volatile price moves. Price volatility in coffee markets is exacerbated by illiquid trading conditions. After Intercontinental Exchange (ICE) raised margin requirements for coffee futures trading twice last week, liquidity has dried up, prompting many commodity funds to close their positions and leading to excessive one-way price moves.
An excessively long position in ICE robusta coffee by funds can exacerbate any price downtu... Read more
Barchart · 53 minutes ago
October sugar futures present a selling opportunity on more price weakness.
Barchart · Fri Jul 17, 7:18AM CDT
Cotton price action is down 95 to 105 points so far on Friday morning. Futures fell into the Thursday close, posting session losses of 223 to 287 points...
Barchart · Thu Jul 16, 5:29PM CDT
Cotton futures closed the Thursday session with losses of 223 to 287 points at the final bell. Crude oil was up a modest 14 cents per barrel, with the...
Barchart · Thu Jul 16, 2:00PM CDT
World sugar futures on the Intercontinental Exchange have traded in a narrow range of 13.34 to 16.10 cents per pound in 2026. While sugar is consolidating,...
Barchart · Thu Jul 16, 1:21PM CDT
October NY world sugar #11 (SBV26 ) on Thursday closed down -0.41 (-2.76%), and October London ICE white sugar #5 (SWV26 ) closed down -6.20 (-1.35%)....
Barchart · Thu Jul 16, 1:20PM CDT
September ICE NY cocoa (CCU26 ) on Thursday closed down -521 (-8.86%), and September ICE London cocoa #7 (CAU26 ) closed down -385 (-8.82%). Cocoa prices...
Barchart · 11 minutes ago
The dollar index (DXY00 ) is up by +0.03% today. The dollar found support from today's +3% jump in WTI crude oil prices, which raises inflation expectations...
Barchart · 33 minutes ago
FuelCell's new Siemens partnership targets commercial projects of 100 MW and up, the exact threshold management says it needs to turn its EBITDA positive....
Barchart · 45 minutes ago
DoorDash is expected to announce its second-quarter earnings in August, and Wall Street forecasts a double-digit decrease in its bottom line.
Barchart · 48 minutes ago
Although the smart money is paying more premiums for downside protection, there’s a quantitative case for bullishly betting on GOOG stock.
Barchart · 49 minutes ago
UroGen Pharma (URGN) has surged nearly 180% over the past year and has strong technical momentum. URGN maintains a 100% “Buy” technical opinion from...
Barchart · 53 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is down -1.06%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.12%, and the Nasdaq 100 Index ($IUXX...
Barchart · 57 minutes ago
October sugar futures present a selling opportunity on more price weakness.
Barchart · 1 hour ago
The firm reckons that the social media platform has multiple drivers of growth.