The global coffee market starts the week with low liquidity

Published 2024년 11월 4일

Tridge summary

The Brazilian coffee market started the week with slow trading due to contrasting trends in coffee futures and the value of the dollar. Despite falls in Arabica and Robusta prices in other markets, the dollar's appreciation in Brazil kept prices stable. The market continues to have low liquidity, with producers cautious about large sales. Meanwhile, the Commodity Futures Trading Commission reported a slight decrease in the net long position of large funds and speculators. The New York Mercantile Exchange saw a slight increase in December 2024 coffee contracts, while the commercial dollar and Dollar Index experienced small decreases. Asian stock markets closed higher, led by Shanghai, while European markets were mixed, and the oil market saw a rise in WTI for December.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The physical coffee market in Brazil began the week with a slow pace of trading. On the New York Stock Exchange (ICE Futures US), coffee futures contracts rose, while the dollar fell against the real. This scenario of opposing forces led Brazilian producers to adopt a cautious stance, making only spot sales. On Friday (1), coffee prices on the Brazilian market remained stable. Even with drops in the prices of Arabica in New York and Robusta in London, the appreciation of the dollar balanced prices. According to Safras Consultoria, the physical market continued to have low liquidity, with producers avoiding large-volume sales. In the south of Minas Gerais, good-brew Arabica coffee, with 15% harvesting, was traded between R$1,530.00 and R$1,535.00 per bag, without variations. In the Cerrado region of Minas Gerais, hard cup Arabica with 15% picking remained between R$1,540.00 and R$1,545.00. In the Zona da Mata region of Minas Gerais, “rio” Arabica (type 7) with 20% picking was ...

Source: Portal Do Agronegocio