Market Reports

The world’s largest coffee cooperative Cooxupe, in Brazil have come forth with a report to confirm that their members have harvested 30.90% of the new, majority natural processed arabica crop coffees as at the 3^rd July.  This compared with the same period last year, and a harvest of 40.40% of the new crop. Cooxupe have reported a total of 2.10 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.

There is meanwhile, a public holiday today to honour the anniversary of the Constitutional Revolution of 1932, in São Paulo, where one might expect muted physical coffee trade for the day.

The Certified washed arabica coffee stocks held against the New York exchange were seen to decrease by 8,205 bags yesterday, to register these stocks at 354,261 bags, with 72.17% of these certified stocks held in Europe, at a total of 255,678 and the remaining 27.83% being held in the USA at a total 98,583 bags. Of this, a total 10,288 or 2.90% of the coffees registered and stored in consumer country certified warehouses of the exchange, are Brazil washed arabica, and a further 30.47% of these certified coffees, from Honduras at 107,970 bags and 16.71% from Peru at a total 59,232 bags. The pending grading remained unchanged on the day, registering 275 bags pending grading, with 100% from Honduras.

The September 2026 to September 2026 contract arbitrage between the London and New York markets narrowed yesterday, to register this at 140.11 Usc/Lb. This equates to 45.22% price discount for London robusta coffee.

It was a mixed day on the commodity markets yesterday, while Oil prices increased following escalations of tensions in the Middle East sparking continued inflation concerns. The Cocoa, Oil and Sugar markets ended the day on a firmer note, while the Coffee, Corn, Soybean, Wheat, Gold, Silver, Platinum and Palladium markets ended the day on a softer note. The day starts with the US Dollar trading at 1.339 Sterling, at 1.142 to the Euro and with the US Dollar buying 5.151 Brazil Real.

The London and New York markets started the day yesterday trading to the north of par on modest firmer notes respectively, with the markets gaining a small degree of support to set a new high for the day following the very negative close on Tuesday. This support was short lived with the markets encountering selling pressure through the early morning session in comparatively muted volumes. Both the London and the New York markets encountered sustained selling pressure during the morning session, extending losses for the day and maintaining a bearish trajectory. As the afternoon progressed, the U. Dollar firmed, adding further weight to the markets. Despite the downward pressure, buying support came to the fore during the early afternoon session to see the markets reverse the trend, and recover some of the earlier losses albeit only briefly, as a lack of support at the top saw the markets drop back and into a softer path for the remainder of the day. Both markets recovered marginally from the day’s lows but ultimately settled near the bottom of the day’s range, ending the session on a negative note.

The London market ended the day on negative note, with 80.36% of the earlier losses of the day intact, while the New York market ended the day on a likewise negative note with 75.73% of the earlier losses of the day intact. This follow through softer 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 in a third consecutive good volume day, as the markets sustained a large degree of selling pressure, might lead one to think that the markets are due for less than a hesitant start to early trade today, against the prices set yesterday, as follows: