Market Reports

The world’s largest coffee cooperative Cooxupe, in Brazil have come forth with a report to confirm that their members have harvested 58.30% of the new, majority natural processed arabica crop coffees as at the 24^th July 2026.  This compared with the same period last year, and a harvest of 67.10% of the new crop. Cooxupe have reported a total of 3.96 million bags of their forecast 6.80 million bags to be received by Cooxupe received thus far in the current harvest season.  This crop harvest that is underway will support exports to consumer markets for the July 2026 to June 2027 Brazil coffee year.

The Certified washed arabica coffee stocks held against the New York exchange were seen to decrease by 15,591 bags yesterday, to register these stocks at 274,168 bags, with 70.75% of these certified stocks held in Europe, at a total of 193,976 and the remaining 29.25% being held in the USA at a total 80,192 bags. Of this, a total 6,714 or 2.44% of the coffees registered and stored in consumer country certified warehouses of the exchange, are Brazil washed arabica, and a further 28.56% of these certified coffees, from Honduras at 78,332 bags and 20.01% from Peru at a total 54,996 bags. The pending grading remained unchanged on the day, registering 0 bags pending grading.

The September 2026 to September 2026 contract arbitrage between the London and New York markets narrowed yesterday, to register this at 156.47 Usc/Lb. This equates to 48.02% price discount for London robusta coffee.

It was an overall softer day on the commodity markets yesterday, weighed by a firmer US Dollar and the US Federal Reserve Policy meeting in which it is widely anticipated that interest rates will remain unchanged, as is the expectation from the Bank of England and the Bank of Japan this week.  The Coffee, Cocoa, Corn, Soybean, Sugar, Wheat, Gold, Silver, Palladium and Platinum markets ended the day on a softer note. The day starts with the US Dollar trading at 1.338 Sterling, at 1.146 to the Euro and with the US Dollar buying 5.091 Brazil Real.

The London and New York markets opened trading to the south of par yesterday, following the very firm close on Tuesday. The markets quickly encountered a large degree of speculative selling pressure, with both the New York and London markets falling sharply lower.  The lows attracted further selling, with the markets encountering an increased degree of pressure during the early afternoon session, with the arrival of the America’s reflecting increased volume and a continuation of speculative selling on the New York floor triggered stops along the way. The London market dropped lower emulating the moves in New York and speculative long liquidation accentuated the negative moves in both markets. The selling activity started to wane toward the end of the days’ trade, the New York market recovered some of the earlier losses late in the day, whilst the London market settled near to the lows for the day.

The London market ended the day on a negative note, with 77.03% of the earlier losses of the day intact, while the New York market ended the day on a likewise negative note with 87.74% of earlier losses of the day on the intact. This very soft close for the markets and with both the New York and the London markets retaining most of the earlier losses to settle near to the lows of the day, with the markets giving back most of the gains from the firm day on Tuesday, to set the tone for a hesitant start to early trade today, against the prices set yesterday, as follows: