Impact of ICE Stocks: Devaluation in New York

On Tuesday (5), the main contracts of the New York Stock Exchange (ICE Future US) showed a trend of devaluation, reflecting an adjustment after a period of appreciation driven by climate concerns in Brazil. May/24, July/24, September/24, and December/24 experienced significant declines, while climate models indicate typical summer conditions in the producing areas of Minas Gerais and Espírito Santo. However, the market remains attentive to certified stocks, which have contributed to additional pressure on prices.

In contrast, in the London Stock Exchange, conilon coffee remained stable throughout the day. Meanwhile, in the Brazilian physical market, some of the main trading centers, such as Poços de Caldas, Patrocínio, Machado, and Campos Gerais, ended the day with devaluation. The market continues to closely monitor these movements, seeking to understand the impacts of price fluctuations and weather conditions in the coming weeks.

Ellers Coffee remains attentive to these market dynamics, seeking to provide updated insights and accurate analysis for our clients and partners. Stay connected with us for more information on coffee market trends and how they may influence your trading strategies. We are here to help you navigate this ever-changing landscape! ☕📉

Source: Notícias Agrícolas