Brazil: Coffee market works with falls this Tuesday afternoon in the US and UK

Published 2023년 3월 14일

Tridge summary

On March 14, 2023, both the New York and London Stock Exchanges experienced a decline in Arabica coffee futures contracts, with losses ranging from 265 to 280 points. The only exception was the March/23 contract, which saw a gain of 95 points on the New York Stock Exchange and quoted at 183.20 cents/lbp. In London, the March/23 contract also experienced a drop of US$ 24 per ton, negotiated for US$ 2077. The Maio/23, Julho/23, and September/23 contracts saw significant losses. Reuters reported that the dollar fell against the real on Tuesday, amid speculation about the Federal Reserve's interest rate hike, following US inflation data. Spot dollar was down 0.67%, at 5.2331 reais on sale, and the first contract dollar futures contract fell 0.30%, to 5.2515 reais. Additionally, the financial market saw the spot dollar quote at 5.2331 reais, a 0.67% decrease, and the first contract dollar futures quote at 5.2515 reais, a 0.30% decrease.

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

Original content

On the afternoon of this Tuesday (14), futures contracts for Arabica coffee operated with devaluations on the New York Stock Exchange (Ice Futures US), in which they fell between 265 and 280 points. On the London Stock Exchange, negotiations work with casualties in this trading session. At around 1:07 pm (Brasília time), the only month that worked with a gain was March/23, which was up 95 points and is quoted at 183.20 cents/lbp. The Maio/23 contract has a loss of 275 points and is priced at 176.45 cents/lbp. In the case of Julho/23, it operated with a devaluation of 265 points and quoted at 175.60 cents/lbp and September/23 worked with a drop of 280 points and priced at R$ 173.70 cents/lbp. In London, the March/23 contract registered a drop of US$ 24 per ton, negotiated for US$ 2077. The May/23 contract registered a low of US$ 26 per ton and worth US$ 2087, the July/23 registered a devaluation of US$ 26 per ton and quoted at $2078. According to information from the Reuters ...

Source: NoticiasAgricolas