Supported by the exchange rate, coffee tests recovery this Monday afternoon in New York, US

Published 2023년 9월 11일

Tridge summary

Arabica coffee futures prices rebounded after an initial devaluation, thanks to the support of the dollar and positive trading on the New York Stock Exchange. December/23, March/24, May/24, and July/24 all experienced increases in points, with prices ranging from 151.05 to 153.50 cents/lbp. Conilon coffee in London also increased, but there is caution due to preparations for the Vietnam harvest. Additionally, the US dollar depreciated by 0.93% against the Brazilian real, with optimism in the market fueled by upcoming US inflation data and new stimulus measures in China.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After opening the day with price devaluation, the Arabica coffee futures market returned to positive operations, supported by the dollar and testing a recovery this Monday (11) on the New York Stock Exchange (ICE Future US). At around 11:57 am (Brasília time), December/23 had an increase of 245 points, trading for 151.10 cents/lbp, March/24 had an appreciation of 225 points, worth 151.05 cents/lbp, May/24 had an increase of 200 points, quoted at 152.90 cents/lbp and July/24 had an increase of 190 points, worth 153.50 cents/lbp. In London, conilon also rose again, but is still monitoring preparations for the Vietnam harvest. November/23 had an increase of US$ 11 per ton, traded for US$ 2418, January/24 had an increase of US$ 15 per ton, worth US$ 2326, March/24 had an increase of US$ 17 per ton, quoted for US $ 2276 and May/24 increased by US$ 10 per ton, trading for US$ 2250. At the same time, in financial terms, the dollar registered a drop of 0.93%, ...

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