Coffee Snaps 3-Day Winning Streak
2026-07-29 10:18
By
Agna Gabriel
1 min. read
Arabica coffee traded near $3.34 per pound, easing after three consecutive sessions of gains but remaining close to its highest level in more than two weeks and not far from the strongest prices since early January.
Unusually heavy rainfall has delayed harvesting in Minas Gerais, Brazil's largest coffee-growing region, slowing the flow of beans to the market and raising concerns about crop quality.
Supporting prices further, ICE-certified arabica inventories have dropped to their lowest level in around two-and-a-half years, highlighting tight available supplies.
Still, bearish factors remain.
The USDA expects global coffee production to reach a record high in the 2026/27 season, driven by a significantly larger Brazilian arabica crop, while robust exports from Vietnam continue to ease pressure on the robusta market.
Traders are also closely watching the developing El Niño, which could threaten flowering and next year's harvest, keeping weather-related risk premiums firmly in place.