
March arabica coffee (KCH25) Thursday closed up +3.20 (+1.09%), and January ICE robusta coffee (RMF25) closed down -11 (-0.23%).
Coffee prices Thursday settled mixed, with March arabica posting a contract high and December arabica posting a new 13-year nearest-futures high. Coffee prices found support Thursday when the USDA's Foreign Agricultural Service (FAS) projected Brazil's 2024/25 coffee production at 66.4 MMT, below the USDA's official forecast of 69.9 MMT. The USDA's FAS also projected Brazil's coffee inventories of 1.2 million bags when the 2024/25 season ends in June, down a -26% y/y.