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Coffee Mar 23 (KC=F)

ICE Futures - ICE Futures Delayed Price. Currency in USX
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158.65-1.55 (-0.97%)
As of 12:04PM EST. Market open.
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  • Yahoo Finance Video

    Food commodity prices fall to 2021 levels while consumer grocery bills remain elevated

    Yahoo Finance markets reporter Ines Ferre joins the Live show to break down the latest food commodity prices while inflation in energy and wages continues to impact consumers' grocery bills.

  • Reuters

    Exclusive-Arabica coffee heads to ICE warehouses, putting pressure on prices

    Large volumes of arabica coffee are about to enter ICE exchange warehouses, traders with knowledge of the matter told Reuters, further weighing on global prices that have already hit one-year lows. The move to replenish ICE stocks removes one of the market's last supports and may eventually provide consumers respite from high retail coffee prices which always lag moves on global commodity exchanges. ICE arabica futures have been under pressure of late on concern that global economic growth is faltering just as top producer Brazil could potentially churn out a record crop.

  • Reuters

    Exclusive-Brazil coffee defaults spike for second year in a row

    Brazilian coffee farmers are defaulting on contracts for a second straight year, according to traders and lawyers representing the industry, failing to deliver on pre-agreed sales and exposing trade houses to losses. The defaults, though less widespread than last year, have scrambled the coffee market, leaving traders reluctant to agree to forward sales for next year's crop or the one after. Defaults started to pick up last year after a series of price shocks caused by severe frosts that ruined the harvest.