The Latest Breaking News from the USDA FAS

Short Covering Pushes Coffee Prices Higher

December arabica coffee (KCZ24 ) Friday closed up +2.95 (+1.20%), and November ICE robusta coffee (RMX24 ) closed up +62 (+1.42%). Coffee prices Friday settled moderately higher as pre-weekend short covering boosted prices. Coffee prices have been under pressure this week, with arabica coffee posting a 2-week low Thursday and...

Barchart · Oct 25, 2024

Pre-Weekend Short Covering Boosts Coffee Prices

December arabica coffee (KCZ24 ) today is up +2.50 (+1.02%), and November ICE robusta coffee (RMX24 ) is up +18 (+0.41%). Coffee prices today are moderately higher, as pre-weekend short covering in coffee futures is boosting prices. Coffee prices have been under pressure this week, with arabica coffee posting a...

Barchart · Oct 25, 2024

Beneficial Rain in Brazil Pushes Coffee Prices Lower

December arabica coffee (KCZ24 ) Thursday closed down -6.90 (-2.73%), and November ICE robusta coffee (RMX24 ) closed down -114 (-2.54%). Coffee prices retreated on Thursday, with arabica coffee falling to a new 2-week low and robusta coffee prices falling to a 2-1/4 month low. Coffee prices continue to be...

Barchart · Oct 24, 2024

Coffee Prices Decline as Brazil Rains Ease Drought Concerns

December arabica coffee (KCZ24 ) today is down -1.75 (-0.70%), and November ICE robusta coffee (RMX24 ) is down -106 (-2.32%). Coffee prices today extended Monday's losses, with robusta posting a 2-1/4 month low. Above-average rainfall in Brazil is easing drought concerns and weighing on coffee prices. On Monday, arabica...

Barchart · Oct 22, 2024

Coffee Prices Retreat on Brazil Rains

December arabica coffee (KCZ24 ) Monday closed down -5.60 (-2.18%), and November ICE robusta coffee (RMX24 ) closed down -125 (-2.66%). Coffee prices retreated Monday, with arabica falling to a 1-week low and robusta tumbling to a 2-1/4 month low. Above-average rainfall in Brazil is weighing on coffee prices. Somar...

Barchart · Oct 21, 2024

Rain in Brazil Undercuts Coffee Prices

December arabica coffee (KCZ24 ) today is down -3.50 (-1.36%), and November ICE robusta coffee (RMX24 ) is down -106 (-2.25%). Coffee prices today are posting moderate losses, with arabica falling to a 1-week low and robusta tumbling to a 2-1/4 month low. Above-average rainfall in Brazil is weighing on...

Barchart · Oct 21, 2024

Coffee Prices Finish Higher as Brazil Rain Chances Diminish

December arabica coffee (KCZ24 ) Friday closed up +2.15 (+0.84%), and November ICE robusta coffee (RMX24 ) closed up +17 (+0.36%). Coffee prices Friday settled higher after updated weather forecasts reduced the chances of rain in Brazil. Short covering emerged in coffee futures Friday after Meteorologist Climatempo said showers in...

Barchart · Oct 18, 2024

Coffee Prices Firm on Reduced Rainfall Chances in Brazil

December arabica coffee (KCZ24 ) today is up +1.60 (+0.63%), and November ICE robusta coffee (RMX24 ) is up +5 (+0.11%). Coffee prices today are moderately higher after updated weather forecasts reduced the chances of rain in Brazil. Short covering emerged in coffee futures today after Meteorologist Climatempo said showers...

Barchart · Oct 18, 2024

Dollar Strength and the Outlook for Rain in Brazil Undercuts Coffee Prices

December arabica coffee (KCZ24 ) Thursday closed down -2.85 (-1.10%), and November ICE robusta coffee (RMX24 ) closed down -174 (-3.58%). Coffee prices Thursday settled lower, with robusta coffee falling sharply to a 6-week low. Thursday's rally in the dollar index (DXY00 ) to a 2-1/2 month high sparked long...

Barchart · Oct 17, 2024

Coffee Prices Pressured by Dollar Strength and Improved Rain Chances in Brazil

December arabica coffee (KCZ24 ) today is down -1.00 (-0.39%), and November ICE robusta coffee (RMX24 ) is down -139 (-2.86%). Coffee prices today are moderately lower, with robusta coffee posting a 6-week low. Today's rally in the dollar index (DXY00 ) to a 2-1/2 month high is bearish for...

Barchart · Oct 17, 2024