Arabica coffee futures fell Tuesday on speculative selling. The most active contract for
December delivery settled 115 points lower at 120.55 cents a pound. Market sentiment in
general was less bearish with the recovery of some commodity and the equity markets.
Currencies remained to affect the coffee prices. High volatility of the euro and the producing
countries currencies was noted today. In Brazil, the real lost power after an early rally. The
BRL was trading at BRL3.5816 - 290, at 3:00 pm EST. In Colombia the peso recovery slightly,
trading at COP3, 208.7 at 3:00 pm EST. In coffee related news:
- Rabobank sees global deficit of 1.9 m bags in 2015-16 crop year
- Starbucks CEO says market volatility won’t affect growth plans
- ICE Certified Stocks up 3,949 to 2,089,150 bags
Leave a Reply.