Arabica coffee futures on ICE were trading around $2.1, down from a 3-1/2-week high of $2.3 hit on May 17th, amid a slightly stronger real and amid receding frost risk in top producer Brazil. Weather forecasters said that winds and clouds in Minas Gerais, Brazil's largest arabica-growing region, prevented a severe drop in temperatures that removed the threat of crop-damaging frosts from developing. Still, the market remains on edge over frost risk in Brazil this season given frosts last year severely damaged the crop and sent prices to decade highs. At the same time, the Green Coffee Association reported recently that US April green coffee inventories rose +1.5% m/m and +2.5% y/y to 5.907 million bags.

Historically, Coffee reached an all time high of 339.86 in April of 1977. Coffee - data, forecasts, historical chart - was last updated on May of 2022.

Coffee is expected to trade at 219.29 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 239.62 in 12 months time.

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Coffee



Price Day Month Year
Soybeans 1,702.50 12.00 0.71% -0.99% 11.55%
Wheat 1,175.25 -25.25 -2.10% 9.17% 74.30%
Lumber 665.00 -25.50 -3.69% -35.12% -54.23%
Cheese 2.41 -0.0020 -0.08% 5.52% 32.47%
Palm Oil 6,116.00 44.00 0.72% -3.12% 53.24%
Milk 25.10 -0.02 -0.08% 3.25% 32.45%
Cocoa 2,418.00 -39.00 -1.59% -4.80% -1.55%
Cotton 142.20 -5.50 -3.72% 2.60% 71.70%
Rubber 244.50 1.10 0.45% -8.63% -5.56%
Orange Juice 170.20 2.30 1.37% -1.62% 44.30%
Coffee 216.15 -2.55 -1.17% -5.26% 44.00%
Oat 609.50 -15.7500 -2.51% -14.03% 71.21%
Wool 1,434.00 0 0% 4.90% 9.05%
Rice 17.10 0.1700 1.00% 3.11% 29.65%
Canola 1,178.60 28.60 2.49% -0.03% 33.45%
Sugar 19.96 0.19 0.96% 0.45% 19.74%
Tea 2.69 0 0% -5.61% -10.93%
Corn 776.50 -6.5000 -0.83% -2.36% 17.74%


Coffee
Arabica coffee it is the world benchmark for coffee futures contracts that trade on the Inter Continental Exchange (ICE). Arabica accounts for 75 percent of the world’s production and is mostly cultivated in Brazil (40% of the world’s total supply) and Colombia. Robusta account for the remaining 25% and is mostly produced in Vietnam (15% of global supply) and Indonesia. Other major exporters include: Peru, India, Uganda, Ethiopia, Mexico and Cote Ivoire. Robusta is the coffee bean that is popular in Europe and espresso coffees while Arabica beans are popular in the United States.
Actual Previous Highest Lowest Dates Unit Frequency
216.05 218.70 339.86 41.50 1972 - 2022 USd/Lbs Daily