March arabica coffee (KCH25) today is up +0.60 (+0.16%), and March ICE robusta coffee (RMH25) is down -29 (-0.51%).
Coffee prices today are mixed, with arabica climbing to a new all-time nearest-futures high. Global coffee supply fears underpin prices after Conab, Brazil's government crop forecasting agency, forecasted Tuesday that Brazil's 2025/26 coffee crop would fall -4.4% y/y to a 3-year low of 51.81 million bags. Also, Conab last Tuesday cut its 2024 Brazil coffee crop estimate by -1.1% to 54.2 million bags from a September estimate of 54.8 million bags.
