Coffee in New York, US and London, UK test slight increases this Friday morning

Published 2023년 9월 8일

Tridge summary

Arabica coffee futures on the New York Stock Exchange opened higher as traders keep an eye on weather conditions in Brazil. Weather forecasts are predicting hot and dry weather in Brazil for the first two weeks of September, which should allow the coffee harvest to continue. On the London Stock Exchange, conilon coffee opened stable.

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Original content

The Arabica coffee futures market opened trading this Friday (8) with appreciation for the main contracts on the New York Stock Exchange (ICE Future US). Operators continue to monitor weather conditions in Brazil, at the same time that producers remain resilient and participate little in the market. “Updated weather forecasts point to hot and dry weather in Brazil during the first two weeks of September, which should allow the coffee harvest to continue,” reported Barchart. At around 08:53 (Brasília time), December/23 had an increase of 90 points, traded for 150.70 cents/lbp, March/24 had an increase of 85 points, quoted for 151.80 cents/lbp, March/24 had appreciation of 85 points, traded for 151.80 cents/lbp and May/24 was up 75 points, worth 152.85 cents/lbp. On the London Stock Exchange, the conilon type ...

Source: NoticiasAgricolas