The Latest Breaking News from USDA FAS

Dwindling ICE Inventories Underpin Coffee Prices

Dec arabica coffee (KCZ23 ) this morning is up +0.80 (+0.47%), and Jan ICE robusta coffee (RMF24 ) is up +32 (+1.35%). Coffee prices this morning are moderately higher, with Dec NY arabica coffee posting a new 4-1/2 month high and Jan robusta coffee posting a 1-week high. Coffee prices...

Barchart · Nov 6, 2023

Arabica Coffee Prices Break Out to 4-1/2 Month High

Dec arabica coffee (KCZ23 ) on Friday closed +5.55 (+3.36%), and Jan ICE robusta coffee (RMF24 ) closed +44 (+1.89%). Coffee prices Friday received a burst of technical buying as Dec NY arabica coffee broke out to a new 4-1/2 month high, taking out the previous high posted on Oct...

Barchart · Nov 3, 2023

Coffee Prices Break Out to 4-1/2 Month High

Dec arabica coffee (KCZ23 ) today is up 3.00 (+1.81%), and Jan ICE robusta coffee (RMF24 ) is up +12 (+0.52%). Coffee prices are higher as current inventories shrink, a supportive factor for coffee prices. ICE-monitored arabica coffee inventories Thursday fell to a 24-year low of 368,100 bags. Meanwhile, ICE-monitored...

Barchart · Nov 3, 2023

Coffee Prices Rally Sharply on Shrinking ICE Inventories

Dec arabica coffee (KCZ23 ) on Tuesday closed up +8.20 (+5.15%), and Jan ICE robusta coffee (RMF24 ) closed up +52 (+2.25%). Coffee prices Wednesday rallied sharply as current coffee supplies continue to tighten. ICE-monitored arabica coffee inventories Tuesday fell to a 1-year low of 389,138 bags. Meanwhile, ICE-monitored robusta...

Barchart · Oct 31, 2023

Coffee Prices Jump as ICE Inventories Continue to Shrink

Dec arabica coffee (KCZ23 ) this morning is up +7.70 (+4.84%), and Jan ICE robusta coffee (RMF24 ) is up +50 (+2.16%). Coffee prices this morning are sharply higher as current coffee supplies continue to tighten. ICE-monitored arabica coffee inventories Monday fell to a 1-year low of 390,135 bags. Meanwhile,...

Barchart · Oct 31, 2023

Coffee Prices Close Lower on Beneficial Rain in Brazil

Dec arabica coffee (KCZ23 ) on Monday closed down -1.85 (-1.15%), and Jan ICE robusta coffee (RMF24 ) closed down -63 (-2.47%). Coffee prices on Monday fell to 1-week lows and closed moderately lower. Coffee prices are being undercut by the outlook for favorable rains in Brazil, which would support...

Barchart · Oct 30, 2023

Coffee Prices Fall on Beneficial Rain in Brazil

Dec arabica coffee (KCZ23 ) this morning is down -1.60 (-0.99%), and Nov ICE robusta coffee (RMX23 ) is down -16 (-0.63%). Coffee prices this morning are moderately lower, with arabica falling to a 1-week low. Coffee prices are being undercut by the outlook for favorable rains in Brazil, which...

Barchart · Oct 30, 2023

NY Arabica Coffee Sags on Technical Selling With 1-Week Low

Dec arabica coffee (KCZ23 ) Friday closed -0.25 (-0.16%), and Nov ICE robusta coffee (RMX23 ) closed -41 (-1.58%). Coffee prices on Friday fell back on continued long liquidation pressures as NY arabica coffee edged to a new 1-week low and retraced more of the mid-October rally. However, coffee prices...

Barchart · Oct 27, 2023

NY Arabica Coffee Sees Support as Inventories Continue to Fall

Dec arabica coffee (KCZ23 ) today is up +0.15 (+0.09%), and Nov ICE robusta coffee (RMX23 ) is unchanged. Coffee prices are seeing support from today's mildly weaker dollar and tight inventories. ICE-monitored arabica coffee inventories Thursday fell to a 1-year low of 406,466 bags. Meanwhile, ICE-monitored robusta coffee inventories...

Barchart · Oct 27, 2023

NY Arabica Coffee Sees Continued Slide on Long Liquidation Pressure

Dec arabica coffee (KCZ23 ) Thursday closed -1.10 (-0.68%), and Nov ICE robusta coffee (RMX23 ) closed +63 (+2.49%). NY arabica coffee prices on Thursday fell -0.68% and extended Wednesday's sharp 3.48% decline, which was caused mainly by long liquidation pressure after the 2-week rally. NY coffee prices were also...

Barchart · Oct 26, 2023