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Market Impact: 0.18

Arabica Coffee Prices Pressured by Expectations for a Bumper Brazil Coffee Crop

ICE
Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

May arabica coffee fell 1.40 ticks (-0.47%) to a 1.5-week low, while May ICE robusta rose 37 ticks (+1.06%), leaving coffee prices mixed on the session. The market is under mild downward pressure as forecasts for a record Brazilian coffee crop weigh on arabica supply expectations and price direction.

Analysis

May arabica coffee fell 1.40 ticks (-0.47%) to a 1.5-week low, while May ICE robusta rose 37 ticks (+1.06%), leaving coffee prices mixed on the session. The market is under mild downward pressure as forecasts for a record Brazilian coffee crop weigh on arabica supply expectations and price direction.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15

Ticker Sentiment

ICE0.15