On June 4, 2026, the global soft commodity market ushered in a strong upward trend. ICE coffee futures surged 2.3% intraday, breaking through $2.45 per pound and hitting a new high in nearly six months, leading the overall recovery of global consumer commodity sectors. The continuous rise in coffee futures prices is driven by tight global supply fundamentals. Brazil and Colombia, the world’s core coffee producing countries, have experienced abnormal seasonal climate recently. Unfavorable weather conditions have affected coffee picking progress and crop yield, resulting in a year-on-year decline in global coffee output. Affected by the reduced supply, global coffee spot inventories have continued to decline, and the supply-demand gap in the market has gradually expanded. On the demand side, with the continuous recovery of global catering and offline consumption scenarios, terminal coffee consumer demand has maintained a steady growth trend, further boosting the upward momentum of coffee prices. The coffee market rally has driven the overall warming of global agricultural products and soft commodity sectors. Core consumer commodities such as cocoa, sugar and cotton have achieved small gains, reflecting the recovery of global physical consumption demand. Commodity market analysts pointed out that the tight supply pattern of coffee will continue in the short term, and futures prices still have room for upward movement. The prosperity of consumer commodity tracks will drive the repair of related agricultural listed enterprises and continuously boost the investment sentiment of the global commodity consumption sector.