Brazil: Coffee maintains bearish bias and returns to trading below 190 cents/lbp

Published 2023년 2월 27일

Tridge summary

The Arabica coffee futures market experienced a devaluation during the trading session on the New York Stock Exchange on Monday. The market is closely monitoring the weather in Brazil and the concern is that cultural practices will sustain prices, limiting casualties. Analysts predict that volatility will remain pronounced until the start of the Brazilian crop, with a slight recovery expected in arabica areas. May/23 was down 145 points, trading at 186.25 cents/lbp, and July/23 was down 160 points, worth 184.40 cents/lbp. In London, the market also experienced losses, with May/23 dropping US$ 27 per ton, worth US$ 2124.

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

Original content

The Arabica coffee futures market continues to operate with devaluation in the trading session this Monday (27) on the New York Stock Exchange (ICE Future US). Without news, the market continues to monitor the rains in Brazil. The concern with cultural practices sustains prices, limiting casualties. Around here, the producer continues to operate cautiously and as he needs to cash in. According to analysts, until the start of the Brazilian crop, volatility will remain pronounced. The expectation is that there will be a recovery, albeit slight, in the arabica areas. Around 1pm (Brasília time), May/23 was down 145 points, trading at 186.25 cents/lbp, July/23 was down 160 points, worth 184.40 cents/lbp, September/23 was down of 130 points, worth 182.45 cents/lbp and December/23 had a low of 190 points, worth 179.75 cents/lbp. In ...

Source: NoticiasAgricolas