Coffee futures market continues to decline this Monday afternoon in NY, United States

Published 2024년 12월 30일

Tridge summary

Arabica coffee futures contracts are experiencing losses on the New York and London stock exchanges due to a stronger dollar and an increase in certified stocks, reaching a two-and-a-half-year high in New York and a two-and-a-half-month high in London. The dollar's rise against the Brazilian currency, which has weakened by almost 9% since December, is also contributing to the price pressure. The harvest in Vietnam is delayed by rain, and the financial market sees the dollar slightly rising against the real, extending gains from the previous week.

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

Original content

Arabica coffee futures contracts continue to trade with losses on Monday afternoon (30) on the New York Stock Exchange (Ice Futures US), where they are down 235 to 70 points. At around 11:57 am (Brasília time), the March/25 contract had fallen 235 points and was quoted at 320.30 cents/lbp. The May/25 contract was down 195 points and is priced at 315.65 cents/lbp. In the case of July/25, it was trading down 70 points and quoted at 310.35 cents/lbp. In London, the January/25 contract was down US$ 113 per ton and was traded at US$ 5,033 per ton. March/25 was down US$5 per ton and was worth US$4,948 per ton. May/25 was down US$6 per ton and was being traded at US$4,878 per ton. According to international information, prices continue to be pressured by the stronger dollar and the improvement in the situation of certified stocks, which reached a two-and-a-half-year high in New York and a two-and-a-half-month high in London. “The Brazilian currency has lost almost 9% against the dollar ...

Source: NoticiasAgricolas