El Niño Fears Spark Short Covering in Coffee Futures

Written on 05/21/2026
Rich Asplund

July arabica coffee (KCN26 ) on Thursday closed up +5.10 (+1.90%), and July ICE robusta coffee (RMN26 ) closed up +71 (+2.13%). Coffee prices settled higher on Thursday as concerns that an El Niño weather pattern could hurt Brazil's coffee crop next year sparked short covering in coffee futures. Coffee...Dictionary definition of the word El Nino by Feng Yu via Shutterstock