July arabica coffee (KCN26) on Wednesday closed down -6.10 (-2.35%), and July ICE robusta coffee (RMN26) closed down -91 (-2.63%).
Coffee prices sold off sharply on Wednesday, with arabica posting a 1.5-year nearest-futures low and robusta posting a 7-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.