July arabica coffee (KCN26) today is down -3.55 (-1.37%), and July ICE robusta coffee (RMN26) is down -74 (-2.11%).
Coffee prices are retreating today, with arabica falling to a 1.5-year nearest-futures low and robusta falling to a 6-week low. The outlook for a record Brazil coffee crop is weighing on prices after the USDA’s Foreign Agricultural Service (FAS) today forecast a record 2026/27 Brazil coffee crop of 71.9 million bags, up +14% y/y. Also, Rabobank raised its 2026/27 global arabica coffee surplus estimate to 9.5 million bags from 7.0 million bags previously.