1636 GMT - Coffee prices fall after notching their sharpest one-day rise since July 2000 on Monday, as supply concerns mount. Heightened fears around the impact of the El Nino weather system is generating a reallocation of funds to agricultural commodities, says Steve Pollard, analyst at Marex. Moreover, concerns around the impact of recent rains on the timing and quality of Brazil's 2026 crop have tightened selling, Pollard says, reducing supply to the market. Coffee falls 8.9% to $3.19 a pound, after jumping 16% on Monday to close at $3.50. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
July 07, 2026 12:36 ET (16:36 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments