may 4, 2023.

Arabica coffee futures marked the daily low early in the session at 182.80 for the Jul23 contract, only building thereafter and finding further momentum at key level this week of 184.00 with support from early warnings of a probable cold front arriving in Brazil at the end of next week, May 13. The weakness in the dollar and the bounce in crude added to the fuel in the broader commodity complex. The US economy created 253K non-farm payroll jobs in April, up from 165K the previous month and considerably above analyst expectations of 178K jobs. The unemployment rate fell to 3.4%, down from 3.5% the previous month, and below analyst expectations that it would rise to 3.6%. Arabica certified stocks decrease 2,027 bags to 657,297 bags. Pending grading 0.