INTL FCStone Daily Coffee Report

Arabica coffee futures closed firm Monday helped by the currencies and a weaker dollar. The benchmark contract for May delivery settled 220 points higher at 141.10 cents per pound, while the most active for July delivery gained 225 points higher to 143.50 cents a pound. With the London market closed in observance of the Easter Monday, the activity was mainly driven by spread trading. Total volume reached 41,794 lots, including 13,803 switches. The dollar fell following the comments from President Trump last week that the dollar was too strong. Meanwhile, the real rallied helped by the economic data from China that came stronger than expected. The Colombian peso also gained ground after survey showed inflation lower than expectations. After the close, US March GCA stocks were published. Inventories went up 279,083 bags to 6,724,857 bags.  Last year in March, stocks increased 159,000 bags. The five-year average change, is an increase of 6,200 bags.