Coffee Report - October 30th

Coffee has adjustment day and operates only with technical valuation in NY

The Arabica coffee futures market continues to operate with technical appreciation for the main contracts on the New York Stock Exchange (ICE Future US) this Friday (27). Without news and with a day of adjustments, the market continues to monitor the conditions of the Brazilian harvest, as well as the stocks certified at ICE.

At around 1:03 pm (Brasília time), December/23 had an increase of 25 points, traded at 161.45 cents/lbp, March/24 had an appreciation of 20 points, quoted at 161.10 cents/lbp, May/24 had up 20 points, quoted at 161.60 cents/lbp and July/24 had an increase of 30 points, worth 162.55 cents/lbp.

On the London Stock Exchange, the conilon type maintains stability. January/24 had a drop of US$ 9 per ton, traded for US$ 2410, March/24 had a drop of US$ 1 per ton, worth US$ 2384, May/24 had a drop of US$ 5 per ton, quoted for US $2362 and July/24 had a devaluation of US$4 per ton, worth US$2347.

In finance, the dollar registered a drop of 0.89% and was traded for R$4.95 on sale. "The dollar fell sharply against the real this Friday, after US inflation data in line with expectations and a fiscal result above expectations from the Brazilian central government boosted investors' risk appetite", highlights Reuters.

Source: Noticias Agrícolas