Arabica Coffee Futures Hit 2-Week High

Arabica coffee futures rose to near $2.9 per pound, their highest level since mid-September, mainly on short covering following weeks of downward pressure. Still, gains remain capped by expectations of ample Brazilian supplies, with the country on track for a record 2026 crop and higher export flows adding to global availability. Brazil’s 2026 harvest is now almost complete, and Conab recently raised its production estimate to 67.6 million bags from 66.7 million previously, marking a 19.6% increase from the 2025 crop. The agency cited positive biennial growth, productivity gains, and an expansion of the production area. Arabica production is expected to account for most of the increase, reaching 48.2 million bags, up 34.8% year-on-year, more than offsetting lower Robusta output. Meanwhile, reports that additional Brazilian Arabica shipments are being prepared for certification at ICE warehouses could increase deliverable stocks and help replenish depleted inventories.