Arabica coffee futures lost steam and closed lower on Thursday after hitting a five-month high earlier in the session, buoyed by crop concerns in top producers Brazil and Vietnam. Cocoa fell, while white sugar surged to a 9-1/2-month peak.
There will be no trading for arabica coffee, raw sugar and New York cocoa futures on Friday due to the U.S. Independence Day holiday.
COFFEE
* Robusta coffee ICEEUR:RC2! gained 0.3% to $3,783 a metric ton after climbing to a five-month peak of $3,920.
* Dealers noted there were concerns about the prospects for the 2026/27 crop in the top robusta producer Vietnam.
* "This year's irregular rainfall and extreme heat have increased fungal diseases, raising concerns about production," one trader in Vietnam said.
* Vietnam exported 1.1 million metric tons of coffee in the first half of 2026, up 9.7% from the same period a year earlier, the government said in a statement on Thursday.
* Arabica coffee ICEUS:KC1! fell 2.8% to $3.012 per lb after hitting a five-month high of $3.1680 earlier in the session.
* Dealers said the market hit overbought signals, so there was a correction. They added that harvest delays in top producer Brazil have helped fuel the recent rise in prices.
* "Farmers have apparently become reluctant to sell as they try to assess the damage from the rain. Old crop supplies are tight, and the slow harvest is not helping alleviate that situation," said broker ADMIS in a market update.
SUGAR
* White sugar ICEUS:SF1! was little changed at $483.10 a ton after setting a 9-1/2-month high of $490.
* Dealers said the market was supported by concerns that hot, dry weather could curb production in the European Union.
* A prolonged drought is threatening sugar output in France, the European Union's largest producer, with no rain forecast in key beet regions over the next two weeks, growers said.
* Raw sugar ICEUS:SB1! fell 0.9% to 14.85 cents per lb. The market hit a six-week high at 15.25 cents on Wednesday.
* Investment bank Itau BBA projected Brazil center-south sugar output at 39.4 million tons in 2026/27, 2% less than the previous crop, saying rains will reduce sugar content in cane.
COCOA
* London cocoa ICEEUR:C2! settled down 71 pounds, or 1.9%, to 3,746 pounds per ton.
* Dealers said the recent run-up in prices had at least temporarily stalled, but the market remained underpinned by the prospect of lower production in top grower Ivory Coast in the upcoming 2026/27 season.
* New York cocoa ICEUS:CC1! lost 1.1% to $5,036 a ton.