Robusta Coffee 10-T Sep '26 (RMU26)
Robusta Coffee 10-T Futures Market News and Commentary
July arabica coffee (KCN26) on Thursday closed up +5.55 (+2.23%), and July ICE robusta coffee (RMN26) closed up +109 (+3.25%).Â
Coffee prices rallied sharply to 1-week highs on Thursday amid concern that persistent rain in Brazil will delay the coffee harvest. Forecaster Vaisala said moderate to heavy rainfall is forecast across Brazil’s coffee-growing regions this week, and the showers could extend into next week.
ICE coffee inventories have trended lower over the past 2.5 months, which is supportive of coffee prices. ICE arabica coffee inventories fell to a 6.5-month low of 402,709 bags on Wednesday. Meanwhile, ICE robusta inventories fell to a 2-year low of 3,631 lots on May 15 but are now mildly above that low on Thursday at 3,713 lots.Â
Concerns that an El Niño weather pattern could hurt Brazil’s coffee crop next year are supportive for prices. Coffee trader Commercial said the El Niño weather pattern may delay rains in Brazil this September and October, wh... Read more
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