Bearish
Coffee futures decline as USDA forecasts record global production
Coffee futures have fallen for the third consecutive day, influenced by the USDA's projection of a record global coffee production of 189.7 million 60-kilogram bags for the 2026/27 season. This anticipated surplus has intensified speculative selling, leading to a decline in both arabica and robusta coffee futures.
Key points
- USDA forecasts record global coffee production, leading to market surplus concerns.
- Arabica coffee futures drop 2.3% to 309.40 cents per pound.
- Robusta coffee futures decline 2.3% to $3,708 per tonne.
Sources
AI-generated from public news sources. Not financial advice.
