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Daily Coffee Report 5/5/26

By: StoneX Coffee Team, Softs Coffee Miami

Coffee futures closed higher on the day but well off session highs following a strong opening. July Arabica traded to a session high of 297.20, up 10.60 cents from the prior close, before fading during the final two hours to close at 289.30, leaving the market back below the major technical moving averages. In the absence of material fundamental news, price action was driven primarily by momentum buying, supported by continued strength in the Brazilian real, which gained 1% against the US dollar to close at 4.91, its strongest level since February 2024. Origin participation was active, with a particularly busy session for Colombian producers benefiting from a weaker peso, which has moved from 3,550 to 3,700 over the past week. Spreads were slower to react than flat price through most of the NY morning but briefly broke above a 10.00-cent premium, trading to a high of 10.75 before fading to close near 9.20. Steady sale interest was present above 10.00 cents throughout the session, with size offers appearing near 9.50 into the close, reflecting merchant positioning in NU and/or speculative long liquidation.

Robusta prices tracked higher alongside Arabica but failed to break resistance at 3,450, trading to a high of 3,438 before settling at 3,378. Robusta spreads softened, with both NU and UX closing lower on the day. Certified Robusta stocks posted a net draw of 21 lots. Traded volume increased across both markets, with specs, origin, and trade all active.

Off Exchange Trades

Arabica
•    July: 724 EFP / 267 EFS
•    September: 59 EFP / 55 EFS
•    December: 48 EFP / 45 EFS

Options
•    Coffee “C” Dec26 300/250 fence (to the call) vs laid up 275.50 Δ70 paper buys 500x pays 3.05
•    Coffee “C” Mar27 220/170 put spread, paper buys 350x at 8.10

Robusta
•    July: 114 EFP / 760 EFS
•    September: 138 EFP
•    November: 60 EFP

Coffeeorderdesk@stonex.com

Miami                                                London                                Brazil                           

305-925-4847                                  +44-203-580-6099            +55-34-3199-1550     

ICE Arabica

Source: Refinitiv 
Source: Refinitiv 
Source: Refinitiv

Volume:

37,612

ICE Robusta

Source: Refinitiv 
Source: Refinitiv 
Source: Refinitiv

Volume:

19,738

Brazil Arabica

Source: Refinitiv 
Source: Refinitiv

Volume:

515

Arabica-Brazil Arbitrage

Source: Refinitiv 

Arabica-Robusta Arbitrage

Source: Refinitiv 

Arabica Switches

Robusta Switches

Source: Refinitiv 
                             Source: Refinitiv 
  • Coffee

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