US: After two days of devaluation, arabica coffee opens with high techniques in New York

After two low sessions, the Arabica coffee futures market opened trading this Wednesday (29) on the New York Stock Exchange (ICE Future US). In this off-season period, the coffee market continues to be pressured by weather conditions in production areas in Brazil. The rains at the beginning of the year were positive for the development of the crop, and although the number of fruits per rosette is lower, the volume of water should favor the yield of the crop. With no major news, business is still stalled at all ends of the chain. Around 8:58 am (Brasília time), May/23 was up 30 points, traded at 174.05 cents/lbp, July/23 was up 20 points, quoted at 173.20 cents/lbp, September/23 was appreciation of 15 points, quoted at 171.80 cents/lbp and December/23 was up 25 points, worth 170.50 cents/lbp. In London, the conilon also opened with stability. May/23 was traded at US$ 2185, unchanged, July/23 was up by US$ 5 per ton, worth US$ 2147, September/23 was valued at US$ 17 per ton, traded ...