NYSE:OKLO News 16 January 2026

January 24, 2026, 5:24 AM EST. Coffee prices closed higher on Friday, with robusta reaching a 1.5-month peak following a sharp drop in the dollar index to a 3.5-month low, triggering short covering across commodities. Brazilian coffee exports fell sharply, notably robusta down 61%, and below-average rainfall in Minas Gerais supports price gains. However, rising ICE coffee inventories and increased production forecasts from Brazil and Vietnam, the world's largest robusta producer, weigh on prices. The USDA projects global coffee production to hit a record 178.8 million bags in 2025/26, with robusta output up 10.9% but arabica down 4.7%. Overall, supply factors are mixed, leaving coffee markets volatile amid currency shifts and weather concerns.