May arabica coffee closed down 6.75 (-2.31%), hitting a one-week low, while May ICE robusta fell 170 (-4.69%) to a contract low. The sharp declines were driven by an outlook for a bumper Brazil crop, increasing supply and weighing on coffee futures.
May arabica coffee closed down 6.75 (-2.31%), hitting a one-week low, while May ICE robusta fell 170 (-4.69%) to a contract low. The sharp declines were driven by an outlook for a bumper Brazil crop, increasing supply and weighing on coffee futures.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
