USA: Arabica coffee ends this Wednesday's session with devaluation on the NY Stock Exchange

At the close of this Wednesday's session (22), negotiations for the coffee market ended the day with devaluation on the New York Stock Exchange (Ice Futures US) and also in London. The market is operating at lows due to the favorable climate in Brazil and also due to the increase in certified stocks at the ICE. The May/23 contract ended with a loss of 230 points and is quoted at 178.00 cents/lbp, while the July/23 contract ended with a drop of 240 points and is priced at 175.85 cents/lbp. In the case of September/23, it ended with a devaluation of 240 points and quoted at 174.90 cents/lbp and December/23 registered a decrease of 240 points, in which it was quoted at 172.80 cents/lbp. According to information from Barchart, future negotiations are following climatic conditions in coffee producing regions in Brazil, in which drier weather should allow farmers to apply fertilizers and agricultural defensives. “This could generate negative pressure for coffee prices on the New York ...