Brazil: Coffee starts operating only with technical adjustments in the US

Published 2023년 3월 20일

Tridge summary

The Arabica coffee futures market experienced a return to negative operating numbers on the New York Stock Exchange (ICE Future US) on Monday, due to ongoing negotiations and macroeconomic monitoring. Factors influencing the market include crop conditions in Brazil and demand indicators in the United States. Both the New York and London markets saw devaluation in May/23 Arabica coffee futures. Additionally, the dollar experienced a 0.58% drop against the real on Monday, as investors monitor the external scenario following UBS's announcement of purchasing Credit Suisse.

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

Original content

After starting negotiations with devaluation, the Arabica coffee futures market returned to operating in the negative in the trading session this Monday (20) on the New York Stock Exchange (ICE Future US). No news, but monitoring macroeconomic issues, coffee operates only with technical adjustments. The entire sector monitors crop conditions in Brazil, in addition to keeping an eye on demand indicators in important consumer hubs such as the United States. Around 12:23 pm (Brasília time), May/23 was down 65 points, traded at 175.95 cents/lbp, July/23 was down 45 points, quoted at 175.20 cents/lbp, September/23 was drop of 20 points, worth 171.70 cents/lbp and December/23 had a drop of 25 points, worth 171.65 cents/lbp. In London, the conilon type also operates with devaluation. May/23 was down by US$ 21 per ton, traded at US$ 2043, July/23 was down by US$ 19 per ton, worth US$ 2035, September/23 was down by US$ 21 per ton, traded at US$ $ 2013 and November/23 had a low of US$ 26 ...

Source: NoticiasAgricolas