New York arabica futures slipped as signs pointed to rising Brazilian supply, while sugar contracts pulled back after reaching a 19-month high.
The December arabica contract fell 1.25% to $2.89 a pound. CNN Brasil, citing Barchart, said Brazil’s coffee exports rose more than 20% year on year in September to 236,000 metric tons. In the previous session, arabica had reached a one-month high and robusta a six-week high. A stronger Brazilian real had supported prices by making exports less attractive to producers.
December cocoa futures gained 1.49% to $5,665 a metric ton. Forecasts for continued rain in Ivory Coast, the world’s largest producer, raised concerns about supply disruptions. Heavy precipitation has already affected logistics, with reports of blocked roads and damaged bridges delaying shipments to ports. At the same time, ICE-monitored stocks reached 3,549,555 bags on Wednesday, their highest level in two years and three months. Cargill’s reported cocoa-related mark-to-market losses for the quarter ended August 31 added to concerns about demand.
November orange-juice futures rose 2.32% to $1.49 a pound. December cotton was down 0.11% at 79.94 cents a pound. U.S. export sales totalled 165,000 bales in the week through October 1, down 18.51% from the previous week. Shipments reached 161,588 bales, up 2.45% from the same week a year earlier. Traders were cautious ahead of U.S. Department of Agriculture reports on crop conditions and the supply-and-demand balance.
March sugar futures fell 3.26% to 20.15 cents a pound after reaching a 19-month high in the previous session. Barchart attributed the decline to profit-taking after two weeks of gains. Persistent rain in Brazil’s Center-South delayed the cane harvest and slowed processing. On September 1, the International Sugar Organization projected a 200,000-tonne global deficit for the 2026/27 season, following an estimated 1.1-million-tonne surplus in 2025/26.