US tests new highs for coffee this Tuesday: Market following crop estimates in Brazil

The Arabica coffee futures market opened trading this Tuesday (28) testing new highs on the New York Stock Exchange (ICE Future US). Around 8:37 am (Brasília time), May/23 was up 85 points, trading at 187.25 cents/lbp, July/23 was up 70 points, worth 185.60 cents/lbp, September/23 was up of 25 points, traded for 183 cents/lbp and December/23 was up 125 points, worth 181.95 cents/lbp. In London, the conilon type cafe opened with stability. May/23 was up by US$ 1 per ton, traded at US$ 2134, July/23 was traded at US$ 2121 - unchanged, September/23 was up by US$ 1 per ton, worth US$ 2100 and November/ 23 was up $4 a tonne, trading at $2071. According to the latest analysis by the Carvalhaes Office, the market's attention is now turning to the numerous private estimates for this year's and 2024 crops in Brazil. "None of these estimates is accompanied by the calculation methodology used to arrive at the result presented. In a country like Brazil, of continental dimensions, with its ...