Coffee prices extended their rally to fresh five-week highs on Wednesday, with July arabica coffee closing up 0.60 and July ICE robusta coffee up 11. Persistent rain in Brazil is delaying the coffee harvest, according to forecaster Vaisala, though meteorologist Climatempo expects mostly dry weather next week in key growing regions. ICE arabica inventories fell to a 2.25-year low of 396,171 bags, while robusta inventories hit a two-year low of 3,631 lots on May 15 before rebounding to a 2.25-month high of 3,991 lots on Tuesday. Concerns over a potential Super El Niño, with NOAA estimating a 67% probability, also supported prices, as it could hurt Brazil's 2026/27 crop. However, gains were capped by a record 2026/27 Brazil coffee crop forecast of 71.9 million bags from the USDA's FAS and a raised global arabica surplus estimate of 9.5 million bags from Rabobank.