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Yahoo
4 days ago
- Business
- Yahoo
Coffee Prices Extend Wednesday's Rally
September arabica coffee (KCU25) on Thursday closed up +6.90 (+2.16%), and September ICE robusta coffee (RMU25) closed up +151 (+3.84%). Coffee prices on Thursday continued higher, extending Wednesday's rallies of +1.41% in arabica coffee and +5.53% in robusta coffee. More News from Barchart Coffee Prices Rally on Light Frost in Brazil and Drop in Brazilian Robusta Exports Coffee Prices Rally on Light Frost in Brazil Cocoa Prices Fall Back After Recent Rally on Dry West African Weather Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Coffee prices have rallied sharply this week on light frost early this week in Cerrado Mineiro, a key arabica growing area in Brazil. However, early assessments suggested that damage was low. Meanwhile, Sep robusta coffee Thursday soared to a 2-month high, driven by short-covering after the steep sell-off seen in May-July, and by Wednesday's news that Brazil's July robusta exports plunged -49% y/y. Coffee prices have seen strength since last Wednesday when Brazil's Trade Ministry reported that Brazil's July unroasted coffee exports fell -20.4% y/y to 161,000 MT. In related bullish news released Wednesday, Brazil's green coffee exports in July fell -28% y/y to 2.4 million bags, according to exporter group Cecafe. Cecafe said July arabica exports fell -21% y/y, while robusta exports plunged -49% y/y. Total July coffee exports fell -28% to 2.7 million bags. Coffee shipments during Jan-July fell -21% to 22.2 million bags. A decline in ICE coffee inventories is supporting arabica prices. ICE-monitored arabica inventories fell to a 1.25-year low of 726,661 bags on Thursday. Also, ICE robusta coffee inventories fell to a 2-week low on Wednesday of 6,928 lots, mildly below the 1-year high of 7,029 lots posted on July 28. The coffee market is awaiting clarity on US tariff policies, as President Trump has yet to exempt coffee from his 50% tariff on Brazilian exports. The tariff could hurt sales of Brazilian coffee to the US and boost Brazil's coffee inventories. Above-average rainfall in Brazil last week eased dryness concerns and is a negative factor for coffee prices. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 4.8 mm of rain during the week ended August 9, or 109% of the historical average. The ongoing Brazil coffee harvest is bearish for coffee prices. Safras & Mercado reported last Friday that Brazil's overall 2025/26 coffee harvest was 94% complete as of August 6, ahead of the comparable level of 92% last year. The breakdown showed that 99% of the robusta harvest and 91% of the arabica harvest were complete as of August 6. In related news, Brazil's Cooxupe coffee co-op announced Wednesday that the harvest among its members was 80.4% complete as of August 8. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. In a bearish factor, the International Coffee Organization (ICO) reported last Wednesday that global June coffee exports rose +7.3% y/y to 11.69 million bags. However, cumulative Oct-Jun coffee exports were down -0.2% y/y at 104.14 million bags. Coffee prices have retreated over the past three months on the outlook for abundant coffee supplies. Last month, arabica coffee tumbled to an 8-month low and robusta sank to a 1.25-year nearest-futures low. On June 25, the USDA's Foreign Agricultural Service (FAS) forecasted that Brazil's 2025/26 coffee production will increase by +0.5% y/y to 65 million bags and that Vietnam's 2025/26 coffee output will rise by 6.9% y/y to a 4-year high of 31 million bags. Brazil is the world's largest producer of arabica coffee, and Vietnam is the world's largest producer of robusta coffee. Due to drought, Vietnam's coffee production in the 2023/24 crop year decreased by -20% y/y to 1.472 MMT, the smallest crop in four years. Also, Vietnam's General Statistics Office reported that 2024 Vietnam coffee exports fell by -17.1% y/y to 1.35 MMT. Additionally, the Vietnam Coffee and Cocoa Association reduced its 2024/25 Vietnam coffee production estimate to 26.5 million bags on March 12, down from a December estimate of 28 million bags. By contrast, the Vietnam National Statistics Office reported Tuesday that Vietnam's Jan-Jul 2025 coffee exports were up +6.9% y/y to 1.05 MMT. The USDA's biannual report, released on June 25, was bearish for coffee prices. The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2025/26 will increase by +2.5% y/y to a record 178.68 million bags, with a -1.7% decrease in arabica production to 97.022 million bags and a +7.9% increase in robusta production to 81.658 million bags. The USDA's FAS forecasts that 2025/26 ending stocks will climb by +4.9% to 22.819 million bags from 21.752 million bags in 2024/25. For the 2025/26 marketing year, Volcafe projects a global 2025/26 arabica coffee deficit of -8.5 million bags, wider than the -5.5 million bag deficit for 2024/25 and the fifth consecutive year of deficits. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
5 days ago
- Business
- Yahoo
Coffee Prices Rally on Light Frost in Brazil
September arabica coffee (KCU25) today is up +4.35 (+1.38%), and September ICE robusta coffee (RMU25) is up +237 (+6.36%). Coffee prices are trading higher today on light frost early this week in Cerrado Mineiro, a key arabica growing area in Brazil. Early assessments suggest that damage has been low. More News from Barchart Coffee Prices Fall Back as 3-Session Rally Stalls Coffee Prices Fall Back as 3-Session Rally Stalls How Bullish Are US Soybeans? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Coffee prices have seen strength since last Wednesday when Brazil's Trade Ministry reported that Brazil's July unroasted coffee exports fell -20.4% y/y to 161,000 MT. In related bullish news released today, Brazil's green coffee exports in July fell -28% y/y to 2.4 million bags, according to exporter group Cecafe. Cecafe said July arabica exports fell -21% y/y, while robusta exports plunged -49% y/y. Total July coffee exports fell -28% to 2.7 million bags. Coffee shipyments during Jan-July fell -21% to 22.2 million bags. Meanwhile, Sep robusta coffee today soared to a 2-month high, driven in part by short-covering after the steep sell-off seen in May-July. A decline in ICE coffee inventories is supporting arabica prices, as ICE-monitored arabica inventories fell to a 14.75-month low of 737,526 bags on Tuesday. Also, ICE robusta coffee inventories fell to a 2-week low on Monday of 6,976 lots, down from the 1-year high of 7,029 lots posted on July 28. The coffee market is awaiting clarity on US tariff policies, as President Trump has yet to exempt coffee from his 50% tariff on Brazilian exports. The tariff could hurt sales of Brazilian coffee to the US and boost Brazil's coffee inventories. Above-average rainfall in Brazil eases dryness concerns and is a negative factor for coffee prices. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 4.8 mm of rain during the week ended August 9, or 109% of the historical average. The ongoing Brazil coffee harvest is bearish for coffee prices. Safras & Mercado reported last Friday that Brazil's overall 2025/26 coffee harvest was 94% complete as of August 6, ahead of the comparable level of 92% last year. The breakdown showed that 99% of the robusta harvest and 91% of the arabica harvest were complete as of August 6. In related news, Brazil's Cooxupe coffee co-op announced Wednesday that the harvest among its members was 80.4% complete as of August 8. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. In a bearish factor, the International Coffee Organization (ICO) reported last Wednesday that global June coffee exports rose +7.3% y/y to 11.69 million bags. However, cumulative Oct-Jun coffee exports were down -0.2% y/y at 104.14 million bags. Coffee prices have retreated over the past three months on the outlook for abundant coffee supplies. Last month, arabica coffee tumbled to an 8-month low and robusta sank to a 1.25-year nearest-futures low. On June 25, the USDA's Foreign Agricultural Service (FAS) forecasted that Brazil's 2025/26 coffee production will increase by +0.5% y/y to 65 million bags and that Vietnam's 2025/26 coffee output will rise by 6.9% y/y to a 4-year high of 31 million bags. Brazil is the world's largest producer of arabica coffee, and Vietnam is the world's largest producer of robusta coffee. Smaller coffee exports from Brazil are positive for prices after Cecafe reported on July 16 that Brazil's total June green coffee exports fell -31% y/y to 2.3 million bags, with arabica exports down -27% y/y to 1.8 million bags and robusta exports down -42% y/y to 476,334 bags. Due to drought, Vietnam's coffee production in the 2023/24 crop year decreased by -20% y/y to 1.472 MMT, the smallest crop in four years. Also, Vietnam's General Statistics Office reported that 2024 Vietnam coffee exports fell by -17.1% y/y to 1.35 MMT. Additionally, the Vietnam Coffee and Cocoa Association reduced its 2024/25 Vietnam coffee production estimate to 26.5 million bags on March 12, down from a December estimate of 28 million bags. By contrast, the Vietnam National Statistics Office reported Tuesday that Vietnam's Jan-Jul 2025 coffee exports were up +6.9% y/y to 1.05 MMT. The USDA's biannual report, released on June 25, was bearish for coffee prices. The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2025/26 will increase by +2.5% y/y to a record 178.68 million bags, with a -1.7% decrease in arabica production to 97.022 million bags and a +7.9% increase in robusta production to 81.658 million bags. The USDA's FAS forecasts that 2025/26 ending stocks will climb by +4.9% to 22.819 million bags from 21.752 million bags in 2024/25. For the 2025/26 marketing year, Volcafe projects a global 2025/26 arabica coffee deficit of -8.5 million bags, wider than the -5.5 million bag deficit for 2024/25 and the fifth consecutive year of deficits. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Coffee Prices Rally on Light Frost in Brazil and Drop in Brazilian Robusta Exports
September arabica coffee (KCU25) on Wednesday closed up +4.45 (+1.41%), and September ICE robusta coffee (RMU25) closed up +206 (+5.53%). Coffee prices on Tuesday rallied on light frost early this week in Cerrado Mineiro, a key arabica growing area in Brazil. Early assessments suggest that damage has been low. More News from Barchart Coffee Prices Fall Back as 3-Session Rally Stalls Coffee Prices Fall Back as 3-Session Rally Stalls How Bullish Are US Soybeans? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Meanwhile, Sep robusta coffee soared to a 2-month high, driven by short-covering after the steep sell-off seen in May-July, and by Wednesday's news that Brazil's July robusta exports plunged -49% y/y. Coffee prices have seen strength since last Wednesday when Brazil's Trade Ministry reported that Brazil's July unroasted coffee exports fell -20.4% y/y to 161,000 MT. In related bullish news released Wednesday, Brazil's green coffee exports in July fell -28% y/y to 2.4 million bags, according to exporter group Cecafe. Cecafe said July arabica exports fell -21% y/y, while robusta exports plunged -49% y/y. Total July coffee exports fell -28% to 2.7 million bags. Coffee shipments during Jan-July fell -21% to 22.2 million bags. A decline in ICE coffee inventories is supporting arabica prices. ICE-monitored arabica inventories fell to a 1.25-year low of 736,411 bags on Wednesday. Also, ICE robusta coffee inventories fell to a 2-week low on Wednesday of 6,928 lots, mildly below the 1-year high of 7,029 lots posted on July 28. The coffee market is awaiting clarity on US tariff policies, as President Trump has yet to exempt coffee from his 50% tariff on Brazilian exports. The tariff could hurt sales of Brazilian coffee to the US and boost Brazil's coffee inventories. Above-average rainfall in Brazil last week eased dryness concerns and is a negative factor for coffee prices. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 4.8 mm of rain during the week ended August 9, or 109% of the historical average. The ongoing Brazil coffee harvest is bearish for coffee prices. Safras & Mercado reported last Friday that Brazil's overall 2025/26 coffee harvest was 94% complete as of August 6, ahead of the comparable level of 92% last year. The breakdown showed that 99% of the robusta harvest and 91% of the arabica harvest were complete as of August 6. In related news, Brazil's Cooxupe coffee co-op announced Wednesday that the harvest among its members was 80.4% complete as of August 8. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. In a bearish factor, the International Coffee Organization (ICO) reported last Wednesday that global June coffee exports rose +7.3% y/y to 11.69 million bags. However, cumulative Oct-Jun coffee exports were down -0.2% y/y at 104.14 million bags. Coffee prices have retreated over the past three months on the outlook for abundant coffee supplies. Last month, arabica coffee tumbled to an 8-month low and robusta sank to a 1.25-year nearest-futures low. On June 25, the USDA's Foreign Agricultural Service (FAS) forecasted that Brazil's 2025/26 coffee production will increase by +0.5% y/y to 65 million bags and that Vietnam's 2025/26 coffee output will rise by 6.9% y/y to a 4-year high of 31 million bags. Brazil is the world's largest producer of arabica coffee, and Vietnam is the world's largest producer of robusta coffee. Due to drought, Vietnam's coffee production in the 2023/24 crop year decreased by -20% y/y to 1.472 MMT, the smallest crop in four years. Also, Vietnam's General Statistics Office reported that 2024 Vietnam coffee exports fell by -17.1% y/y to 1.35 MMT. Additionally, the Vietnam Coffee and Cocoa Association reduced its 2024/25 Vietnam coffee production estimate to 26.5 million bags on March 12, down from a December estimate of 28 million bags. By contrast, the Vietnam National Statistics Office reported Tuesday that Vietnam's Jan-Jul 2025 coffee exports were up +6.9% y/y to 1.05 MMT. The USDA's biannual report, released on June 25, was bearish for coffee prices. The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2025/26 will increase by +2.5% y/y to a record 178.68 million bags, with a -1.7% decrease in arabica production to 97.022 million bags and a +7.9% increase in robusta production to 81.658 million bags. The USDA's FAS forecasts that 2025/26 ending stocks will climb by +4.9% to 22.819 million bags from 21.752 million bags in 2024/25. For the 2025/26 marketing year, Volcafe projects a global 2025/26 arabica coffee deficit of -8.5 million bags, wider than the -5.5 million bag deficit for 2024/25 and the fifth consecutive year of deficits. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Recorder
5 days ago
- Business
- Business Recorder
Coffee gains as investors continue to assess US tariffs, Brazil weather
LONDON: Coffee futures on ICE gained on Wednesday with investors continuing to assess the impact of steep U.S. tariffs on top coffee grower Brazil, and remained mindful of the cold snap in some of the country's growing areas. Coffee Arabica coffee futures rose 1.9% to $3.1420 per lb at 1252 GMT, after touching a six-week high of $3.27 on Tuesday. Coffee buyers in the United States have started requesting to postpone imports of Brazilian coffee following a 50% tariff imposed on Brazil's goods by the U.S., local exporters' group Cecafe said. Dealers said in the absence of a fresh disaster, coffee has likely hit its highs for now. They explained that while the tariff issue will continue to trouble physical traders, it will largely impact premiums and discounts for physical grades, and whether contracts are fulfilled or not. Elsewhere, reports of light, spotty frosts in some Brazilian coffee areas contributed to the run-up in prices this week, though the harvest continues to progress well overall. Also Cooxupe, Brazil's largest coffee co-operative, said its farmers had harvested 80.4% of their 2025 crop as of August 8, below the 87.3% reported at the same time last year. Robusta coffee rose 4.6% to $3,796 a metric ton, having hit its highest in nearly two months at $3,820. New York cocoa prices climb while coffee turns lower Cocoa New York cocoa fell 2.1% to $8,490 a metric ton, having hit a six-week high of $8,823 on Monday. Following poor weather conditions, top cocoa producer Ivory Coast has cut to 1.2 million tons its export contract sales of the 2025/26 main crop from October to March, down from 1.3 million, two council sources told Reuters. Dealers, however, cited industry reports saying both Ivory Coast and Ghana have more forward selling of their 2025/26 main crop left to do, with Latin America also selling actively of late, after prices hit near two-month highs. London cocoa fell 1.3% to 5,726 pounds per ton. Sugar Raw sugar slipped 0.3% to 16.89 cents/lb, having hit a two-month high of 17.05 cents on Tuesday amid improving demand in the physical markets. White sugar was little changed at $486.70 a ton.
Yahoo
6 days ago
- Business
- Yahoo
Coffee Prices Fall Back as 3-Session Rally Stalls
September arabica coffee (KCU25) on Tuesday closed down -5.55 (-1.73%), and September ICE robusta coffee (RMU25) closed down -1 (-0.03%). NY coffee prices traded lower on Tuesday on some long liquidation pressure after initially extending Monday's rally to a 1.75-month high. Coffee prices rallied starting last Wednesday when Brazil's Trade Ministry reported that Brazil's July unroasted coffee exports fell -20.4% y/y to 161,000 MT. More News from Barchart Coffee Prices Settle Sharply Higher as Supplies Tighten Grain Traders Await Key USDA Report on August 12. Big US Corn, Soybean Crops Expected. What Game Is Being Played in Grains Early Monday Morning? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! A decline in ICE coffee inventories is supporting arabica prices, as ICE-monitored arabica inventories fell to a 14.75-month low of 737,526 bags Tuesday. Also, ICE robusta coffee inventories fell to a 2-week low Monday of 6,976 lots after climbing to a 1-year high of 7,029 lots on July 28. The coffee market is awaiting clarity on US tariff policies, as President Trump has yet to exempt coffee from his 50% tariff on Brazilian exports. The tariff could hurt sales of Brazilian coffee to the US and boost Brazil's coffee inventories. Above-average rainfall in Brazil eases dryness concerns and is a negative factor for coffee prices. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 4.8 mm of rain during the week ended August 9, or 109% of the historical average. The ongoing Brazil coffee harvest is bearish for coffee prices. Safras & Mercado reported last Friday that Brazil's overall 2025/26 coffee harvest was 94% complete as of August 6, ahead of the comparable level of 92% last year. The breakdown showed that 99% of the robusta harvest and 91% of the arabica harvest were complete as of August 6. In related news, Brazil's Cooxupe coffee co-op announced last Tuesday that the harvest among its members was 74% complete as of August 1. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. In a bearish factor, the International Coffee Organization (ICO) reported last Wednesday that global June coffee exports rose +7.3% y/y to 11.69 million bags. However, cumulative Oct-Jun coffee exports were down -0.2% y/y at 104.14 million bags. Coffee prices have retreated over the past three months on the outlook for abundant coffee supplies. Last month, arabica coffee tumbled to an 8-month low and robusta sank to a 1.25-year nearest-futures low. On June 25, the USDA's Foreign Agricultural Service (FAS) forecasted that Brazil's 2025/26 coffee production will increase by +0.5% y/y to 65 million bags and that Vietnam's 2025/26 coffee output will rise by 6.9% y/y to a 4-year high of 31 million bags. Brazil is the world's largest producer of arabica coffee, and Vietnam is the world's largest producer of robusta coffee. Smaller coffee exports from Brazil are positive for prices after Cecafe reported on July 16 that Brazil's total June green coffee exports fell -31% y/y to 2.3 million bags, with arabica exports down -27% y/y to 1.8 million bags and robusta exports down -42% y/y to 476,334 bags. Due to drought, Vietnam's coffee production in the 2023/24 crop year decreased by -20% y/y to 1.472 MMT, the smallest crop in four years. Also, Vietnam's General Statistics Office reported that 2024 Vietnam coffee exports fell by -17.1% y/y to 1.35 MMT. Additionally, the Vietnam Coffee and Cocoa Association reduced its 2024/25 Vietnam coffee production estimate to 26.5 million bags on March 12, down from a December estimate of 28 million bags. By contrast, the Vietnam National Statistics Office reported Tuesday that Vietnam's Jan-Jul 2025 coffee exports were up +6.9% y/y to 1.05 MMT. The USDA's biannual report, released on June 25, was bearish for coffee prices. The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2025/26 will increase by +2.5% y/y to a record 178.68 million bags, with a -1.7% decrease in arabica production to 97.022 million bags and a +7.9% increase in robusta production to 81.658 million bags. The USDA's FAS forecasts that 2025/26 ending stocks will climb by +4.9% to 22.819 million bags from 21.752 million bags in 2024/25. For the 2025/26 marketing year, Volcafe projects a global 2025/26 arabica coffee deficit of -8.5 million bags, wider than the -5.5 million bag deficit for 2024/25 and the fifth consecutive year of deficits. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
