1221 ET - Coffee futures trading on the ICE are up 1%, following a three-session losing streak. The question around if the U.S. will institute 50% tariffs on Brazilian imports starting Aug. 1 dominates the market, says Tomas Araujo of StoneX. "What's happening right now, it's making the market very static," Araujo says. "There's so much risk, there's so much uncertainty, that no one is even offering forward." But U.S. consumer tastes may force the hand of buyers to take the higher price hit, Araujo says. The physical market is still structurally short from last year's weather problems, and consumers prefer Brazilian arabica -- with up to 40% of coffee imports to the U.S. being Brazilian. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

July 22, 2025 12:21 ET (16:21 GMT)

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