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Why Coffee Futures Are Surging Past 350 Cents in July 2026
Coffee futures have surged 11.6% in the past five days, breaking past 347 cents — a level not seen in years. In this episode, Lucas and Luna dissect what's driving the rally: a perfect storm of low certified stocks, dry weather in Brazil's arabica belt, and fund positioning ahead of the ICE certified stock report. They explain why this isn't a repeat of the 2025 frost panic or the 2024 logistics crisis, but a distinctly 2026 story tied to global supply chain shifts and a weaker dollar. Lucas also breaks down the mechanics of the coffee futures curve — why backwardation matters…
The skinny
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