
March arabica coffee (KCH25) Wednesday closed up +14.40 (+3.76%), and March ICE robusta coffee (RMH25) closed up +85 (+1.53%).
Coffee prices Wednesday extended this year's parabolic rally, with arabica coffee climbing to a new all-time nearest-futures high. Lingering global coffee supply fears are underpinning prices. Last Tuesday, Conab, Brazil's government crop forecasting agency, forecasted that Brazil's 2025/26 coffee crop would fall -4.4% y/y to a 3-year low of 51.81 million bags. Conab also cut its 2024 Brazil coffee crop estimate by -1.1% to 54.2 million bags from a September estimate of 54.8 million bags.