March arabica coffee (KCH25) today is down -9.10 (-2.07%), and March ICE robusta coffee (RMH25) is up +41 (+0.71%).
Arabica coffee prices today fell back from Thursday's all-time nearest-futures high on some long liquidation pressures after the month-long rally. However, coffee prices have support from continued coffee supply fears. On Wednesday, Cecafe reported that Brazil's Jan green coffee exports fell -1.6% y/y to 3.98 million bags. Also, on January 28, Conab, Brazil's government crop forecasting agency, forecasted that Brazil's 2025/26 coffee crop would fall -4.4% y/y to a 3-year low of 51.81 million bags. Conab also cut its 2024 Brazil coffee crop estimate by -1.1% to 54.2 million bags from a September estimate of 54.8 million bags.
