Robusta Coffee 10-T Sep '24 (RMU24)
Robusta Coffee 10-T Futures Market News and Commentary
May arabica coffee (KCK26) on Tuesday closed down -3.20 (-1.10%), and May ICE robusta coffee (RMK26) closed down -25 (-0.72%).
Coffee prices settled lower on Tuesday, with arabica falling to a 7-week low. Â Expectations of a record Brazilian coffee crop are weighing on prices. Â Signs of tighter supplies limited losses on robusta coffee after ICE robusta inventories fell to a 16-month low of 3,788 lots on Monday.
On March 19, Marex Group Plc projected a record 2026/27 Brazilian coffee crop of 75.9 million bags, surpassing Sucafina's forecast of 75.4 million bags (+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 Meanwhile, 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.
Soaring coffee exports from Vietnam, the world's largest robusta producer, are bearish fo... Read more
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