News

Coffee: Monitoring Brazil, Arabica only has technical adjustments again in the US and UK stock exchanges

Raw Common Coffee Bean
Published Nov 14, 2023

Tridge summary

The Arabica coffee futures market experienced a drop in value in the morning but recovered later in the day on the New York Stock Exchange. The market is closely watching stock levels, crop estimates, and weather conditions in Brazil, where a heatwave is causing concerns for next year's harvest. On the London Stock Exchange, conilon coffee prices increased for various future contracts.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

After opening the day with devaluation for the main contracts, the Arabica coffee futures market returned to operating only with technical adjustments on the New York Stock Exchange (ICE Future US). The Arabica coffee futures market continues to monitor stocks, crop estimate numbers and, at this moment, here in Brazil, the entire sector is monitoring weather conditions in the country's main production areas. The intense heat wave that hits Brazil raises temperatures, raising concerns for next year's harvest. At around 11:58 am (Brasília time), March/24 had a drop of 70 points, trading for 169.85 cents/lbp, May/24 had a drop of 70 points, worth 169.90 cents/lbp, July/24 had a devaluation of 70 points, quoted at 170.60 cents/lbp and September/24 was down 70 points, traded at 171.35 cents/lbp. On the London Stock Exchange, the conilon ...
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