☕ Grounds for concern

Brazil will close 2026 with 67.6 million 60-kilogram bags of coffee, the largest crop in the records of the National Supply Company (Conab), the government agency that has tracked the harvest since 2001. Conab's third survey of the season, published on September 24 with 99% of the area already picked, puts output 19.6% above 2025 and 24.7% above 2024, the previous high year in coffee's two-year cycle…

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