Despite the volatility during the day, coffee only closes with adjustments in NY and London

After showing a lot of volatility during the day, the Arabica coffee futures market ended trading this Wednesday (31) with technical adjustments to prices on the New York Stock Exchange (ICE Future US).

Operators continue to monitor weather conditions in Brazil. Meteorological models even indicate a chance of rain, but the marked irregularity still raises a lot of concern for harvest 24.

Meanwhile, low coffee stocks are bullish for prices. Robusta coffee stocks monitored by ICE fell on Tuesday to a record low of 2,996 lots. Arabica coffee stocks monitored by ICE fell to a 24-year low of 224,066 bags on November 30 and were modestly above that at 250,569 bags on Tuesday.

In Brazil, the day was marked by stability in the country's main commercial areas.

Source Notícias Agrícolas