Coffee Report - September 4th

High dollar brings declines for coffee on the New York Stock Exchange this Friday (1), but offer limits losses

Futures contracts for the Arabica coffee market on the New York Stock Exchange (ICE Future US) closed this Friday (01) with falls, the bearish scenario lasted throughout the day.

According to an analysis by the Barchart website, the high in the dollar triggered a long sell-off in coffee futures.” Losses are limited due to falling coffee stocks. ICE-monitored arabica coffee stocks fell to a nine-and-a-half-month low on Thursday at 484,738 bags.

On the New York Stock Exchange (ICE Future US), the December/23 contract was down 260 points, traded at 151.90 cents/lbp, March/24 was down 240 points, worth 153.25 cents/lbp, May/ 24 was down 240 points, trading at 15420 cents/lbp.

Dollar ended in decline, worth BRL 4.9410.

Source: Noticias Agrícolas