·ICE Arabica coffee futures opened 155 points lower at 146.60, before recovering
slightly to 147.50 as of this writing.
·CONAB’s first estimate of Brazil’s 2013-14 crop at 46.9 to 50.1 million bags. On
December 20th, CONAB raised the 2012-13 estimate to 50.8 million bags from 50.5 million last September.
·The LIFFE Robusta market for March delivery is up $15 at $1,930. Spec and industry
buying are supporting the market today.
·The US Dollar is firm against major currencies . The Euro traded down to 1.3052,
the low after data showed German industrial output inching up 0.2 % on the
·The Brazilian real opened flat. Market participants remain concerned with
government policies in the power sector.