USA: Coffee goes through adjustments and operates in the positive this Friday in New York

Published 2023년 3월 24일

Tridge summary

The Arabica coffee futures market saw an increase in the main contracts during the trading session at the New York Stock Exchange (ICE Future US) on Friday, March 24. This comes after a period of volatility largely driven by the upcoming harvest in Brazil. The price increases were significant, with May/23 up 425 points, trading at 178.55 cents/lbp, July/23 up 425 points, worth 177.70 cents/lbp, September/23 up 420 points, worth 175.90 cents/lbp, and December/23 up 395 points, quoted at 173.75 cents/lbp. In London, the conilon also experienced a rise, with May/23 up by US$ 57 per ton, quoted at US$ 2181, July/23 up by US$ 51 per ton, traded at US$ 2156, September/23 up by US$ 51 per ton, worth US$ $ 2122, and November/23 had a high of US$ 48 per ton, worth US$ 2078.

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

Original content

The Arabica coffee futures market returned to operate with appreciation for the main contracts in the trading session this Friday (24) on the New York Stock Exchange (ICE Future US). Showing marked volatility, coffee recovers part of the lows observed in recent days. Closer and closer to the harvest, the harvest in Brazil has pressured coffee prices on the international market. But even so, business continues to be blocked by the producer and the final buyer. Around 12:55 pm (Brasília time), May/23 was up 425 points, trading at 178.55 cents/lbp, July/23 was up 425 points, worth 177.70 cents/lbp, September/23 was up of 420 points, worth 175.90 cents/lbp and December/23 was up 395 points, quoted at 173.75 cents/lbp. In London, ...

Source: NoticiasAgricolas