US: Coffee tries to advance in NY, but there are doubts about production limit gains

Published 2023년 2월 28일

Tridge summary

The Arabica coffee futures market experienced price volatility on Monday, with the market advancing over 200 points in the morning before limiting gains in the early afternoon. The fluctuating prices are attributed to significant differences in crop estimates, leading to uncertainty in the international market. At the New York Stock Exchange, May/23 futures rose 25 points to 186.70 cents/lbp, while July/23 and September/23 futures also saw slight increases. However, December/23 futures dropped by 30 points. On the London Stock Exchange, conilon futures saw minimal activity, with slight increases in May/23, July/23, and September/23 futures.

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

Original content

The Arabica coffee futures market continues to try to advance in this Monday's trading session (28) on the New York Stock Exchange (ICE Future US). The market advanced more than 200 points in the morning, but limited gains in the early afternoon. The coffee market continues to experience intense price volatility. According to analysts, the big difference between crop estimates is what keeps business at bay and also raises many doubts in the international market. The producer, in turn, continues to monitor the rains and do business as he needs to raise cash. Around 12:21 pm (Brasília time), May/23 was up 25 points, trading at 186.70 cents/lbp, July/23 was up 15 points, trading at 185.05 cents/lbp, September/23 was high of 5 points, worth 182.80 cents/lbp and December/23 had a drop of 30 points, worth ...

Source: NoticiasAgricolas