Monitoring Brazil's harvest and climate, coffee returns to negative operations in the US, while in the UK, conilon operates with stability

Published Sep 8, 2023

Tridge summary

Arabica coffee futures on the New York Stock Exchange experienced a decline during the trading session, partially giving back gains from previous days as the harvest in Brazil nears completion. The market is closely monitoring weather conditions in Brazil, as the entry of more coffee could put pressure on prices. In London, conilon coffee prices remained stable.

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

Original content

The Arabica coffee futures market continues to operate only with technical adjustments in the trading session this Friday (8) on the New York Stock Exchange (ICE Future US). The market, however, turned around and began to operate with devaluation in the early afternoon. The market returns part of the gains of the last few days, still monitoring weather conditions in Brazil. The harvest is practically finished, and the entry of this coffee could put pressure on prices. At around 12:30 pm (Brasília time), December/23 had a drop of 110 points, trading for 148.70 cents/lbp, March/24 had a drop of 95 points, worth 150 cents/lbp, May/24 had a drop of 100 points, traded for 151.10 cents/lbp and July/24 had a devaluation of 85 points, worth 151.90 cents/lbp. In London, ...

Source: NoticiasAgricolas