Arabica Coffee Futures at 1-Month High

Arabica coffee futures surged to around $2.95 per pound, their highest since early September, partly due to quality concerns over Brazil's 2026 crop and uncertainty about the next season. Although Brazil is heading toward a record crop this year. Recent heavy rainfall in the world's largest coffee producer not only delayed harvest but also affected the drying process of highest quality beans. This problem also means there will be less coffee availble to replenish depleted stocks in warewouses certified by the Intercontinetal exchange in both Europe and the US. Certified Arabica coffee stocks on ICE remain historically tight, hovering at a 27-year low in September before recovering somewhat.