Robusta Coffee 10-T Jul '12 (RMN12)
Robusta Coffee 10-T Futures Market News and Commentary
May arabica coffee (KCK26) on Wednesday closed up +7.95 (+2.78%), and May ICE robusta coffee (RMK26) closed up +13 (+0.39%).
Coffee prices recovered from early losses on Wednesday and moved higher as short covering emerged when the Brazilian real (^USDBRL) rallied to a 23-month high against the dollar. Â The stronger real discourages export sales from Brazil's coffee producers.
Coffee prices initially moved lower on Wednesday, extending Tuesday's losses, with arabica falling to a 3-week low and robusta dropping to an 8-month nearest-futures low. Â Coffee prices have retreated over the past two weeks amid expectations of a record Brazilian coffee crop. Â On March 19, Marex Group Plc projected a record 2026/27 Brazil coffee crop of 75.9 million bags, even higher than Sucafina's forecast of 75.4 million bags, up +15.5% y/y. Â On March 12, StoneX raised its Brazil 2026/27 coffee production estimate to a record 75.3 million bags, up from a November estimate of 70.7 million bags.... Read more
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Barchart Wed Apr 8, 1:31PM CDT
May NY world sugar #11 (SBK26 ) on Wednesday closed down -0.35 (-2.40%), and May London ICE white sugar #5 (SWK26 ) closed down -6.40 (-1.49%). Sugar prices...
Barchart Wed Apr 8, 1:29PM CDT
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Barchart Wed Apr 8, 1:27PM CDT
May arabica coffee (KCK26 ) on Wednesday closed up +7.95 (+2.78%), and May ICE robusta coffee (RMK26 ) closed up +13 (+0.39%). Coffee prices recovered...
Barchart Wed Apr 8, 12:29PM CDT
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Barchart Wed Apr 8, 11:25AM CDT
May NY world sugar #11 (SBK26 ) today is down -0.29 (-1.99%), and May London ICE white sugar #5 (SWK26 ) is down -6.40 (-1.49%). Sugar prices extended...
Barchart Wed Apr 8, 6:30PM CDT
The defense major is one of the major players for the US in the Middle East war.
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Barchart Wed Apr 8, 4:18PM CDT
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