Just noticed arabica coffee price today is getting hit pretty hard, down nearly 3% as the Brazilian real keeps weakening against the dollar. That always spells trouble for prices because weaker real means Brazilian producers are more incentivized to export and flood the market. Meanwhile robusta is also sliding after hitting a 2-week high earlier. The supply picture is looking pretty heavy right now. Brazil's forecasting agency said their 2026 coffee output is projected to jump 17.2% year-over-year to 66.2 million bags, which is a record. That's a lot of supply coming. Vietnam's also ramping up exports - they hit 198,000 MT in January alone, up 38% year-over-year. Vietnam's 2025/26 production is expected to climb 6% to 1.76 MMT, a 4-year high. On top of that, ICE arabica inventories just recovered to a 4.75-month high of 510,151 bags on Monday after hitting lows back in November. That inventory rebuild is definitely weighing on arabica coffee price today and the outlook. The only real support is coming from Colombia's production dropping 34% year-over-year to 893,000 bags in January, but it's not enough to offset the Brazilian surge and Vietnam strength. Global coffee production is projected to hit record levels in 2025/26 at 178.8 million bags. So unless something changes with supply, arabica coffee price today and beyond looks like it's going to keep facing headwinds from this abundance.