Latest news with #SomarMeteorologia
Yahoo
05-08-2025
- Business
- Yahoo
Arabica Coffee Prices Sharply Higher on Brazil Coffee Crop Concerns
September arabica coffee (KCU25)on Tuesday closed up +10.15 (+3.52%), and September ICE robusta coffee (RMU25) closed down -9 (-0.26%). Coffee prices on Tuesday settled mixed. Arabica coffee settled sharply higher for a second day on Tuesday due to below-average rainfall in Brazil. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 2.7 mm of rain during the week ended August 2, only 31% of the historical average. However, robusta coffee was under pressure Tuesday on forecasts for widespread showers this week in Vietnam, which should boost crop yields in the world's largest robusta producer. More News from Barchart Coffee Prices Rally on Below-Average Rainfall in Brazil Below-Average Rain in Brazil Supports Coffee Prices Is the Corn Market Undervalued? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. A decline in ICE arabica coffee inventories is also supportive of arabica prices as ICE-monitored arabica coffee inventories fell to a 14.5-month low of 754,516 bags Tuesday. Conversely, ICE robusta coffee inventories have increased, a bearish factor for prices, after ICE-monitored robusta coffee inventories rose to a 1-year high of 7,029 lots last Monday. An excessive short position by funds in robusta coffee could exacerbate any short-covering rally in robusta coffee futures. ICE Futures Europe reported last Friday that funds boosted their net-short positions in ICE robusta futures by 1,226 to 5,854 short positions in the week ended July 29, the most in two years. Last Friday, arabica coffee fell to a 3-week low on speculation that President Trump will exempt coffee from tariffs on Brazilian exports, which would ease supply concerns. Brazil's Cecafe and the National Coffee Association said they are discussing exemptions on Brazilian coffee exports with US trade officials. US Commerce Secretary Lutnick noted last week that goods not produced in the US could be exempted from tariffs. The ongoing Brazil coffee harvest is weighing on coffee prices. Brazil's Cooxupe coffee co-op announced Tuesday that its 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 related news, Safras & Mercado reported last Friday that Brazil's overall 2025/26 coffee harvest was 90% complete as of July 30, ahead of the comparable level of 87% last year and the 5-year average of 84%. The breakdown showed that 98% of the robusta harvest and 85% of the arabica harvest were complete as of July 30. In related news, 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 Jun 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 on July 7 that Vietnam's Jan-Jun 2025 coffee exports were up +4.1% y/y to 943,000 MT. 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
04-08-2025
- Business
- Yahoo
Coffee Prices Rally on Below-Average Rainfall in Brazil
September arabica coffee (KCU25) on Monday closed up +4.35 (+1.53%), and September ICE robusta coffee (RMU25) closed up +91 (+2.73%). Coffee prices rallied sharply on Monday as below-average rainfall in Brazil sparked some short-covering in coffee futures. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received 2.7 mm of rain during the week ended August 2, only 31% of the historical average. More News from Barchart Below-Average Rain in Brazil Supports Coffee Prices Is the Corn Market Undervalued? Stronger Sugar Demand from Pakistan Boosts Sugar Prices Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Strength in the Brazilian real (^USDBRL) is also supportive for coffee prices after the real climbed to a 3.5-week high against the dollar Monday. The stronger real discourages export sales from Brazil's coffee producers. A decline in ICE arabica coffee inventories is also supportive of arabica prices as ICE-monitored arabica coffee inventories fell to a 5.5-month low of 760,529 bags Monday. Conversely, ICE robusta coffee inventories have increased, a bearish factor for prices, after ICE-monitored robusta coffee inventories rose to a 1-year high of 7,029 lots last Monday. An excessive short position by funds in robusta coffee could exacerbate any short-covering rally in robusta coffee futures. ICE Futures Europe reported last Friday that funds boosted their net-short positions in ICE robusta futures by 1,226 to 5,854 short positions in the week ended July 29, the most in two years. Last Friday, arabica coffee fell to a 3-week low on speculation that President Trump will exempt coffee from tariffs on Brazilian exports, which would ease supply concerns. Brazil's Cecafe and the National Coffee Association said they are discussing exemptions on Brazilian coffee exports with US trade officials. US Commerce Secretary Lutnick noted last week that goods not produced in the US could be exempted from tariffs. The ongoing Brazil coffee harvest is weighing on coffee prices. Safras & Mercado reported last Friday that Brazil's overall 2025/26 coffee harvest was 90% complete as of July 30, ahead of the comparable level of 87% last year and the 5-year average of 84%. The breakdown showed that 98% of the robusta harvest and 85% of the arabica harvest were complete as of July 30. In related news, Brazil's Cooxupe coffee co-op announced last Tuesday that its harvest among its members was 67% complete as of July 25. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. 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 Jun 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 on July 7 that Vietnam's Jan-Jun 2025 coffee exports were up +4.1% y/y to 943,000 MT. 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
Brazil Coffee Harvest Pressures Weigh on Coffee Prices
September arabica coffee (KCU25) today is down -5.10 (-1.66%), and September ICE robusta coffee (RMU25) is down -4 (-0.12%). Coffee prices today gave up an early advance and turned lower as the pace of the Brazil coffee harvest accelerated. Safras & Mercado reported today that Brazil's overall 2025/26 coffee harvest was 77% complete as of July 16, ahead of the comparable level of 74% last year and the 5-year average of 69%. The breakdown showed that 93% of the robusta harvest and 67% of the arabica harvest were complete as of July 9. In related news, Brazil's Cooxupe coffee co-op announced on Tuesday that its harvest among members was 49.3% complete as of July 11. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Dollar Strength Sparks Long Liquidation Pressures in Coffee Futures Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Coffee prices today initially moved higher, with arabica posting a 3-week high on carryover support from Monday, due to signs of excessive dryness in Brazil. Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended July 12. Coffee prices are under pressure from an increase in ICE-monitored inventories after robusta coffee inventories jumped to a 10-month high of 5,995 lots today. Meanwhile, ICE-monitored arabica coffee inventories rose to a 5.25-month high of 892,468 bags on May 27 but have since backed off to 819,061 bags as of Thursday. Smaller coffee exports from Brazil are positive for prices after Cecafe on Wednesday reported that Brazil's total Jun 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. Arabica coffee prices have support from President Trump's announcement last Wednesday that he would impose 50% tariffs on US imports from Brazil, effective August 1. That threat caused concern that coffee supplies could be disrupted from Brazil, the world's largest producer of arabica coffee. Coffee prices have retreated over the past two months on the outlook for abundant coffee supplies. 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 on July 7 that Vietnam's Jan-Jun 2025 coffee exports were up +4.1% y/y to 943,000 MT. 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
16-07-2025
- Business
- Yahoo
Arabica Coffee Resumes Climb on Dry Brazil Weather
September arabica coffee (KCU25) today is up +8.85 (+2.98%), and September ICE robusta coffee (RMU25) is up +5 (+0.15%). Arabica coffee prices are trading higher, seeing continued support from dry weather conditions in Brazil. Somar Meteorologia reported on Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended July 12. More News from Barchart Coffee Prices Fall Back After Monday's Surge Coffee Prices Fall Back After Monday's Surge How About those Crop Condition Numbers for Corn and Soybeans? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Coffee prices were undercut by today's new 3-week high in the dollar index, which was bearish for the prices of most commodities, including coffee. Coffee prices continue to see downward pressure from Brazil's coffee harvest. Brazil's Cooxupe coffee co-op said Tuesday that the harvest among its members was 49.3% completed as of July 11. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter group. In related news, Safras & Mercado reported last Friday that Brazil's overall 2025/26 coffee harvest was 69% complete as of July 9, ahead of the comparable level of 66% last year and the 5-year average of 62%. The breakdown showed that 88% of the robusta harvest and 58% of the arabica harvest were complete as of July 9. Arabica coffee prices have support from President Trump's announcement last Wednesday that he would impose 50% tariffs on US imports from Brazil, effective August 1. That threat caused concern that coffee supplies could be disrupted from Brazil, the world's largest producer of arabica coffee. Coffee prices have retreated over the past two months on the outlook for abundant coffee supplies. 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. Coffee prices are also under pressure from an increase in ICE-monitored inventories after robusta coffee inventories jumped to a 10-month high of 5,492 lots Tuesday. Also, ICE-monitored arabica coffee inventories rose to a 5.25-month high of 892,468 bags on May 27 and were moderately below that high at 831,612 bags as of Tuesday. 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 on July 7 that Vietnam's Jan-Jun 2025 coffee exports were up +4.1% y/y to 943,000 MT. 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
Coffee Prices Fall on Abundant Rainfall in Brazil
September arabica coffee (KCU25) today is down -1.40 (-0.46%), and September ICE robusta coffee (RMU25) is down -11 (-0.30%). Coffee prices today are moving lower as abundant rainfall in Brazil has eased dryness concerns and is positive for the country's coffee crops. Somar Meteorologia reported today that Brazil's largest arabica coffee-growing area, Minas Gerais, received 5 mm of rain during the week ended June 28, which is 714% of the historical average. Coffee Prices Fall on Abundant Rainfall in Brazil Cocoa Prices Higher on Dollar Weakness and Tighter Ivory Coast Supplies 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 retreated over the past two months, with arabica coffee posting a 6-3/4 month low last Friday. The outlook for abundant coffee supplies is undercutting prices. Last Wednesday, the USDA's Foreign Agricultural Service (FAS) forecast that Brazil's 2025/26 coffee production will increase by 0.5% year-over-year (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. The advancing coffee harvest in Brazil is also weighing on coffee prices. Last Tuesday, Brazil's Cooxupe coffee co-op announced that its members reported the coffee harvest was only 24.3% complete as of June 20, compared with 34.2% completed at the same time last year. Cooxupe is Brazil's largest coffee cooperative and Brazil's largest exporter of coffee. Also, Safras & Mercado recently reported that Brazil's 2025/26 coffee harvest was 35% complete as of June 11, slightly behind last year's comparable level of 37% but in line with the 5-year average of 35%. The breakdown showed that 49% of the robusta harvest and 26% of the arabica harvest were complete as of June 11. Brazil's arabica harvest has been slowed by heavy rain in some areas. Robusta coffee prices have received support from tightening supplies after ICE-monitored robusta coffee inventories fell to a 6-week low last Thursday at 5,108 lots. However, in a bearish factor for arabica prices, ICE-monitored arabica coffee inventories rose to a 4-3/4 month high of 892,468 bags on May 27 and were modestly below that high at 844,319 bags as of last Friday. Smaller coffee exports from Brazil are bullish for prices. Last Wednesday, Cecafe reported that Brazil's May green coffee exports fell by -36% y/y to 2.8 million bags. Due to drought, Vietnam's coffee production in the 2023/24 crop year decreased by 20% 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. Last Tuesday, Vietnam's National Statistics Office reported that Vietnam's 2025 Vietnam's Jan-May coffee exports are down -1.8% y/y to 813,000 MT. In addition, the Vietnam Coffee and Cocoa Association on March 12 cut its 2024/25 Vietnam coffee production estimate to 26.5 million bags from a December estimate of 28 million bags. The USDA's biannual report, released last Wednesday, was bearish for coffee prices. The USDA's Foreign Agriculture Service (FAS) projected that world coffee production in 2025/26 will increase +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
