Coffee Futures Slide to Multi-Month Lows Amid Favorable Harvest Progress and Supply Pressures

Coffee futures extended losses to hit their lowest levels in more than two months, pressured by broad technical liquidation and positive supply outlooks from key producing regions.
Key factors driving the recent drop include:
- Harvest Progress: Harvesting in major producer nations, particularly Brazil, has advanced rapidly toward completion, easing lingering concerns over tight near-term physical inventories.
- Macro and Currency Pressures: Regional currency adjustments and technical selling across major soft commodity boards have accelerated the downward momentum, dragging Arabica and Robusta contracts toward multi-month technical supports.