USA: Pressured by global supply, coffee keeps lows in New York this Friday

Published 2023년 3월 3일

Tridge summary

The Arabica coffee futures market is experiencing a downturn in the New York Stock Exchange, with pressure from Honduran export numbers. Brazil's coffee sector is monitoring the cessation of constant rains in production areas to allow for cultural treatments. In the financial markets, the dollar showed instability against the Brazilian real and had initial losses being offset by criticism of the Central Bank by President Luiz Inácio Lula da Silva, as reported by Reuters.

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 on the negative side of the chart in this Friday's trading session (3) on the New York Stock Exchange (ICE Future US). Coffee continues to show the volatility already expected by analysts. This time, the Honduran export numbers help to pressure quotations abroad. The market, which was already blocked, is even slower on a bearish day. In Brazil, the sector monitors the break in the constant rains in the main production areas, with the expectation that the producer will be able to move forward with the cultural treatments, delayed due to the excess of water in recent weeks. Around 12:40 pm (Brasília time), May/23 had a drop of 445 points, worth 177.75 cents/lbp, July/23 had a drop of 425 points, worth 177.15 cents/lbp, September/23 had a drop of 410 points, worth 175.75 cents/lbp and December/23 had a low of 385 points, worth 173.85 cents/lbp. In financial terms, also at this time, the dollar ...

Source: NoticiasAgricolas