Brazil & United States — United States Department of Agriculture

Brazil: Brazil's sugar production is projected to be lower due to mills allocating more sugarcane to ethanol production, impacting global sugar supplies.

United States — United States Department of Agriculture: The United States — United States Department of Agriculture (USDA) forecasts global and country-specific sugar production and consumption, influencing market expectations.

Brazil: Brazil's projected record coffee crops and increased exports are a primary bearish factor for global coffee prices. The weakness of the Brazil — Brazilian real also encourages coffee exports.

United States — United States Department of Agriculture: The United States — United States Department of Agriculture's Foreign Agriculture Service projected an increase in world coffee production for 2025/26, influencing market expectations.

Brazil: Brazil's coffee exports have been smaller, supporting Coffee prices, while expectations of a larger 2026/27 coffee crop are negative for Coffee prices. The strength of the Brazil — Brazilian real also discourages Coffee export sales.

United States — United States Department of Agriculture: The United States — United States Department of Agriculture's Foreign Agriculture Service projected an increase in world Coffee production for 2025/26, with a decrease in arabica and an increase in robusta production.