Arabica coffee futures rose to above $1.36 per lb, its highest level since September 2017, as output in the main supplier Brazil is seen smaller than earlier expected due to drier-than-normal weather. Dutch bank Rabobank lowered Brazil's forthcoming crop forecast by 1.2 million bags and Colombia by 300,000 bags. The bank also reduced projections for total demand by half a million bags, pointing to a global supply deficit of 2.6 million 60-kg bags in 2021/22. Global inflation expectations and a shortage in global shipping container availability are also supporting prices. At the same time, the outlook for post-Covid demand remains strong.

Historically, Coffee reached an all time high of 339.86 in April of 1977. Coffee - data, forecasts, historical chart - was last updated on February of 2021.

Coffee is expected to trade at 128.59 USd/Lbs by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 108.94 in 12 months time.

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Coffee


Coffee
Arabica coffee it is the world benchmark for coffee futures contracts that trade on the Inter Continental Exchange (ICE). Arabica accounts for 75 percent of the world’s production and is mostly cultivated in Brazil (40% of the world’s total supply) and Colombia. Robusta account for the remaining 25% and is mostly produced in Vietnam (15% of global supply) and Indonesia. Other major exporters include: Peru, India, Uganda, Ethiopia, Mexico and Cote Ivoire. Robusta is the coffee bean that is popular in Europe and espresso coffees while Arabica beans are popular in the United States.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
63.5300 1.87 3.03% 3.91% 20.39% 30.94% Feb/24
Brent
USD/Bbl
67.2800 1.91 2.92% 4.57% 20.40% 29.88% Feb/24
Natural gas
USD/MMBtu
2.7990 0.08 -2.78% -13.05% 7.57% 10.24% Feb/24
Gasoline
USD/Gal
1.8985 0.04 2.15% 4.86% 21.61% 34.64% Feb/24
Heating oil
USD/Gal
1.9132 0.05 2.42% 4.11% 20.03% 28.92% Feb/24
Ethanol
USD/Gal
1.6900 0.00 0.00% 0.00% 5.63% 17.93% Feb/24
Naphtha
USD/T
556.09 1.93 0.35% 1.81% 11.32% 28.52% Feb/24
Propane
USD/Gal
0.91 0.00 0.34% 1.35% 4.94% 41.58% Feb/23
Uranium
USD/Lbs
28.6000 0.35 -1.21% -3.38% -5.77% -6.84% Feb/23

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,803.21 1.85 -0.10% 1.52% -2.79% -4.92% Feb/24
Silver
USD/t.oz
27.925 0.31 1.10% 2.11% 10.38% 5.94% Feb/24
Platinum
USD/t.oz
1,266.42 29.35 2.37% 1.06% 15.31% 18.81% Feb/24

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,421.0000 10.25 0.73% 2.95% 5.53% 7.94% Feb/24
Wheat
USd/Bu
684.5000 18.75 2.82% 6.29% 5.55% 6.87% Feb/24
Palm Oil
MYR/T
3,651.00 25.00 -0.68% 0.52% 12.62% 1.42% Feb/24
Cheese
USD/Lbs
1.5820 0.00 -0.06% 0.13% -4.87% -3.89% Feb/24
Milk
USD/CWT
15.59 0.05 -0.32% -0.26% -3.53% -1.33% Feb/24
Rubber
JPY/Kg
273.00 3.70 1.37% 9.07% -18.51% 1.56% Feb/24
Orange Juice
USd/Lbs
111.65 2.15 1.96% 0.22% -2.45% -9.41% Feb/24
Coffee
USd/Lbs
137.75 1.85 1.36% 9.59% 11.76% 7.41% Feb/24
Lumber
USD/1000 board feet
1,009.10 9.00 -0.88% 2.26% 22.60% 15.58% Feb/24
Oat
USd/Bu
360.0000 4.75 1.34% 2.06% 1.55% -0.21% Feb/24
Wool
AUD/100Kg
1,310.00 8.00 -0.61% 2.91% 8.99% 11.87% Feb/23
Cotton
USd/Lbs
92.33 0.96 1.05% 4.49% 12.15% 18.19% Feb/24
Cocoa
USD/T
2,650.00 54.00 2.08% 8.30% 5.66% 1.81% Feb/24
Rice
USD/cwt
12.8500 0.02 0.12% 0.82% -2.91% 4.98% Feb/24
Canola
CAD/T
800.70 30.00 -3.61% 6.25% 18.50% 27.20% Feb/24
Sugar
USd/Lbs
18.23 0.18 -0.98% 7.49% 15.82% 17.69% Feb/24
Tea
USD/Kgs
2.86 0.00 0.00% -19.44% -8.63% -0.35% Feb/23
Corn
USd/BU
559.7500 6.00 1.08% 1.22% 9.43% 15.65% Feb/24

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
19.00 0.26 1.39% -2.56% -1.14% 4.74% Feb/23
Feeder Cattle
USd/Lbs
140.2250 1.83 1.32% 1.30% 2.69% 0.92% Feb/24
Live Cattle
USd/Lbs
116.6250 1.00 0.86% 1.15% 0.09% 1.39% Feb/24
Lean Hogs
USd/Lbs
89.4250 3.00 3.47% 5.33% 26.62% 27.25% Feb/24
Poultry
BRL/Kgs
6.08 0.07 1.16% -5.30% -1.14% 1.16% Feb/23

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
4.2830 0.07 1.65% 11.55% 17.66% 21.75% Feb/24
Lithium
CNY/T
67,500.00 0.00 0.00% 0.00% 18.42% 45.16% Feb/24
Bitumen
CNY/T
3,156.00 4.00 -0.13% 0.25% 23.19% 32.49% Feb/24
Steel
CNY/T
4,499.00 11.00 -0.24% 4.77% 7.99% 6.61% Feb/23
Coal
USD/T
78.50 2.25 2.95% 2.91% -8.99% -3.35% Feb/24
Palladium
USD/t.oz
2,437.16 86.46 3.68% 2.78% 4.40% -0.43% Feb/24
Cobalt
USD/T
51,000.00 1,000.00 2.00% 8.51% 27.37% 58.43% Feb/23
Lead
USD/T
2,101.00 34.75 -1.63% 0.37% 3.61% 6.34% Feb/23
Aluminum
USD/T
2,201.75 46.75 2.17% 4.77% 9.58% 11.16% Feb/24
Tin
USD/T
26,870.00 347.50 1.31% 9.74% 19.70% 32.27% Feb/24
Zinc
USD/T
2,869.25 17.75 0.62% 2.23% 6.16% 4.30% Feb/24
Nickel
USD/T
19,309.00 148.25 -0.76% 2.86% 6.07% 16.65% Feb/23
Molybdenum
USD/Kg
26.50 0.00 0.00% 0.00% 6.00% 12.77% Feb/23
Iron Ore
USD/T
174.00 1.50 -0.85% 9.09% 2.96% 9.78% Feb/23
Soda Ash
CNY/T
1,466.00 20.00 1.38% 7.79% 8.59% 9.40% Feb/24
Neodymium
CNY/T
762,500.00 52,500.00 7.39% 7.39% 7.39% 22.49% Feb/23
Iron Ore 62% fe
USD/T
164.5300 0.37 0.23% 1.57% -3.09% 5.58% Feb/24
Rhodium
USD/t oz.
23,900.00 100.00 0.42% 7.17% 19.50% 40.59% Feb/23
Manganese
CNY/T
31.25 0.00 0.00% 0.00% 0.00% 0.00% Feb/23

Index Price Day Weekly Monthly YTD Date
CRB Index
Index Points
204.56 0.13 -0.06% 2.58% 10.36% 14.73% Feb/23
LME Index
Index Points
3,939.10 7.30 0.19% 6.74% 11.98% 15.36% Feb/23
S&P GSCI
Index Points
2,314.32 1.25 0.05% 2.32% 11.42% 17.06% Feb/23