Robusta Coffee 10-T Jul '22 (RMN22)
Robusta Coffee 10-T Futures Market News and Commentary
May arabica coffee (KCK26) today is up +3.10 (+1.05%), and May ICE robusta coffee (RMK26) is not trading today, with UK markets closed for the Easter Monday holiday.
Arabica coffee is moving higher today amid strength in the Brazilian real (^USDBRL). Â The real rose to a 3.5-week high today, discouraging export sales from Brazil's coffee producers. Â
Gains in coffee are limited today after StoneX projected the 2026 global coffee surplus will expand to 10 million bags from 1.8 million bags in 2025, the biggest surplus in 6 years.
Coffee prices have been under pressure amid the outlook for 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. Â
The closure of the... Read more
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