USA: Coffee market turns around and starts making technical adjustments to prices on New York Stock Exchange

After opening the day by extending gains, the Arabica coffee futures market returned to operating with devaluation for the main contracts on the New York Stock Exchange (ICE Future US). The volatility, already expected by analysts, is maintained despite the lack of news in the fundamentals. At around 12:19 pm (Brasília time), May/24 had a drop of 235 points, traded for 184.40 cents/lbp, July/24 had a drop of 255 points, traded for 181.95 cents/lbp, September/24 recorded drop of 230 points, worth 181.45 cents/lbp and December/24 had a drop of 230 points, quoted at 180.85 cents/lbp. In London, however, concern about supply from Asia keeps prices stable this Tuesday (5). May/24 had a drop of US$ 5 per ton, worth US$ 3184, July/24 was traded for US$ 3105 - no variations, September/24 had a drop of US$ 5 per ton, worth US$ 3028 and November/24 it had ...