
Daily Coffee Report 10/8/26
Daily coffee report

- Coffee
Quarterly Commodities Outlook is available for free now. Download your report →
By: Diana Delgado, Contractor
Guatemala Anacafe Says ICO Does Not Benefit Coffee, Nor Helps Solve Problems
COFFEE NETWORK (Bogota)- The President of the Guatemala’s Coffee Association Anacafe, Bernardo Solano, said Guatemala’s withdrawal from the International Coffee Organization (ICO) will not harm the positioning of Guatemala’s coffee presence in the international markets, nothing that more than 50% of Guatemala’s coffee exports go to the US and Canada, countries that do not belong to ICO.
Solano spoke during the inauguration of the annual Anacafé coffee summit, which this year will be host online for the first time ever.
“ICO does not benefit the Guatemala’s coffee sector nor it contributes to solve our problems,” he said during the 2020 coffee summit.
Guatemala, the world’s 11th largest coffee producer, announced its decision to withdraw from the International Coffee Association (ICO) early in July. The withdrawal will become effective in the upcoming coffee year October 2020- September 2021, the administration of president Alejandro Giammattei, said in a press release.
“The measure that will come into effect from next coffee year, was taken after the Council of Coffee Policy recommended to the President of Guatemala, in accordance with the evaluations, analyzes and recommendations of the National Coffee Association (Anacafe) to denounce the International Coffee Agreement 2007, implying the withdrawal of Guatemala from the ICO,” reads the release.
Guatemala said the government, in alliance with producer associations, will seek other regional and multilateral options to meet the challenges facing the coffee production chain in a bid to “achieve sustainability and equity in the production chain.”
Solano said international coffee prices ranges around $1.10 per pound, much lower than Guatemala’s coffee production costs.
An extensive research study the Regional Cooperative Program for Technological Development and Modernization of Coffee (PROMECAFE), a research and cooperation network created in 1978, formed by the institutions of coffee from Guatemala, El Salvador, Honduras, Costa Rica, Panama, the Dominican Republic, Peru, pegs high production costs in Guatemala.
The final production cost of a quintal (46kg) in Guatemala is estimated at US $ 203.65 as of last year. To this value it is necessary to add the cost to transport to port to get exported, which means coffee growers in this Central American nation are producing at a loss.
Guatemala's coffee labor equals 49% of the final price of the quintal in a farm. This item is the largest make up the total price of the quintal. The second highest direct costs are the necessary inputs for production. This represents 18% of the price.
In other news, Solano said Guatemala has exported 3.67 million quintals (2.789 million bags 60-kg) so far in the coffee year October 2019-2020 worth about $575 million.
Anacafé’s president Solano said the Guatemala coffee sector has migrated from low coffee prices, coffee diseases to the new crisis brought by Covid-19
“We are living in difficult times. In addition to the crisis of low coffee prices we now have to face the crisis of the covid 19,” he said.
In other news, Guatemala’s Agriculture Minister Jose Angel Lopez said the government aims to renovate 60,000 hectares of coffee land but he didn’t provide the timing.
“The world is undergoing a situation without precedent,” he said. But technology is linking us now,” he added.
Writing by Diana Delgado
This material should be construed as market commentary and represents the opinions and viewpoints of the author, and does not reflect tailored advice associated with any specific account.
The views are current only through the date stated and are subject to change at any time based upon market or other conditions, and StoneX Group Inc. (“SGI”) disclaims any responsibility to update such views. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. Past performance does not guarantee future results.
The StoneX Group Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided.
References to certain OTC products or swaps are made on behalf of StoneX Markets, LLC (SXM), a member of the National Futures Association (NFA) and provisionally registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swap dealer. SXM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ and who have been accepted as customers of SXM.
StoneX Financial Inc. (SFI) is a member of FINRA/NFA/SIPC and registered with the MSRB. SFI is registered with the U.S. Securities and Exchange Commission (SEC) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. StoneX Financial (Canada) Inc. (SFCI) is registered in Canada and is a member of CIRO and CIPF. References to certain securities trading are made on behalf of the BD Division of SFI and are intended only for an audience of institutional clients as defined by FINRA Rule 4512(c). References to certain exchange-traded futures and options are made on behalf of the FCM Division of SFI. Wealth Management is offered through SA Stone Wealth Management Inc., member FINRA/SIPC, and SA Stone Investment Advisors Inc., an SEC-registered investment advisor, both wholly owned subsidiaries of SGI.
R.J. O’Brien & Associates, LLC (RJO) is registered with the CFTC as a Futures Commission Merchant and is a member of NFA.
StoneX Financial Ltd (SFL) is registered in England and Wales, company no. 5616586. SFL is authorized and regulated by the Financial Conduct Authority (FCA) (registration number FRN:446717) to provide services to professional and eligible customers including: arrangement, execution and, where required, clearing derivative transactions in exchange traded futures and options. SFL is also authorized to engage in the arrangement and execution of transactions in certain OTC products, certain securities trading, precious metals trading and payment services to eligible customers. SFL is authorized and regulated by the FCA under the Payment Services Regulations 2017 for the provision of payment services. SFL is a category 1 ring-dealing member of the London Metal Exchange. In addition SFL also engages in other physically delivered commodities business and other general business activities which are unregulated and not required to be authorized by the FCA.
This communication is issued in the European Economic Area by StoneX Financial Europe GmbH (SFEG). StoneX is the trade name used by STONEX GROUP INC. and all its associated entities and subsidiaries. StoneX Financial Europe GmbH (“SFEG”) is a securities trading firm registered in Germany under Company No. HRB 80844.
StoneX APAC Pte. Ltd. (“SAP”) (Co. Reg. No 200616676W) is regulated as a Dealer (PS20190001002) under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism. SAP is an “Approved International Trading Company” authorized to act as a “Spot Commodity Broker” under the Commodity Trading Act.
StoneX Financial Pte Ltd (Co. Reg. No 201130598R) (“SFP”) is regulated by the Monetary Authority of Singapore and is a Capital Markets Service Licence holder (for dealing in capital market products), an Exempt Financial Adviser (for advising on investment products and issuing or promulgating analyses/ reports on investment products) and a Major Payment Institution (for domestic and cross-border money transfer services).
SFP may distribute analysis/report produced by its respective foreign affiliates within the StoneX Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations Recipients should contact SFP at (65) 6309 1000 for any matters arising from, or in connection with, this webinar.
StoneX APAC Pte. Ltd. (“SAP”) (Co. Reg. No 200616676W) is regulated as a Dealer (PS20190001002) under the Precious Stones and Precious Metals (Prevention of Money Laundering and Terrorism Financing) Act 2019 for purposes of anti-money laundering and countering the financing of terrorism.
StoneX Financial (HK) Limited (CE No.: BCQ152) (“SHK”) is regulated by the Hong Kong Securities and Futures Commission for Dealing in Securities and Dealing in Futures Contracts.
StoneX Financial Pty Ltd (ACN 141 774 727) holds an Australian Financial Service License (AFSL: 345646) for Dealing in Securities, Exchange-Traded Derivatives Contracts, OTC Derivatives Contracts and Foreign Exchange Contracts, and is regulated by the Australian Securities and Investments Commission.
StoneX Securities Co., Ltd. (“SSJ”) (Co. Reg. No 010401047199) is regulated by the Japanese Financial Services Agency as a Type-I Financial Instruments Business Operator (Kanto Local Finance Bureau (FIBO)No.291’), is a member of the Financial Futures Association of Japan for dealing and broking FX and FX Option transactions, and is a member of the Japan Securities Dealers Association for dealing and broking stock indices and option transactions.
Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. Past performance of any futures or option is not indicative of future success. Indicators are not a trading system and are not published as a specific trade recommendation. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the StoneX group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of StoneX Group Inc.
The report/analysis herein is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.
© 2026 StoneX Group Inc. All Rights Reserved.
Our subscribers have access to comprehensive market analysis from StoneX spanning commodities, equities, currencies and more.

Daily coffee report


October 8 – Crude oil is higher and stock futures are pointing lower to start the day while the VIX rises back above the 15.7 level. The combination of escalatory rhetoric and continued Iranian strikes on vessels in the region coupled with hurricane related U.S. Gulf production impacts has nearby WTI up close to 4% on the day as it trades at its highest level of the week near $92.40, while nearby Brent is up a stronger 4.6% to trade at a three-week high near $104.80. The rise in crude prices and another week of strong U.S. labor data drives rate expectations higher, reflected in the rise in the dollar as it pushes another 0.1% higher to trade near 102.35, while Treasury yields push higher as well, with the strength at the front-end of the curve. 2-year Treasury yields are up 5 basis points to trade at 4.814%, 10-year yields are up 3 basis points to trade at 5.307%, and 30-year yields are up just over 1 basis point to trade at 5.674%. Meanwhile, the ags are quietly mixed at the break, with the biggest weakness on the soy side while the wheat complex hovers just above unchanged.


Diesel squeeze, rising global rates and a very strong El Niño: what is driving commodity markets in Q4 2026.

Our market expertise, advanced platforms, global reach, culture of full transparency and commitment to our clients’ success all set us apart in the financial marketplace.
Reach
With access to 40+ derivatives exchanges, 180+ foreign exchange markets, nearly every global securities marketplace and numerous bi-lateral liquidity venues, StoneX’s digital network and deep relationships can take clients anywhere they want to go.
Transparency
As a publicly traded company meeting the highest standards of regulatory compliance in the markets we serve; our financials and record of accomplishment are matters of public record. StoneX’s commitment to “doing the right thing over the easy thing” sets us apart in the industry and helps us build respect, client trust and new partnerships.
Expertise
From our proprietary Market Intelligence platform, to “boots on the ground” expertise from award-winning traders and professionals, we connect our clients directly to actionable insights they can use to make more informed decisions and achieve their goals in the global markets.