With no news and with rain in Brazil, coffee begins the week with only technical adjustments

After starting the day trying to advance with slight increases in prices in this Monday's trading session (26) on the New York Stock Exchange (ICE Future US), the Arabica coffee futures market ended the day with technical lows for the main contracts.

The coffee market continues to monitor low stocks, low supply from Vietnam and weather conditions in the world's main producing origins. In this trading session, the forecast of rain in areas of Brazil limited gains for arabica.

"The easing of drought conditions in Brazil is pessimistic for coffee prices. Today, Somar Meteorologia reported that the Minas Gerais region of Brazil received 59.5 mm of rain in the last week, or 131% of the historical average", highlighted the analysis of the international website Barchart.

According to an analysis by the Carvalhaes Office, the fundamentals remain the same. "This turbulent international situation, full of uncertainty, generates a lot of instability and coffee prices rise and fall daily", he states.

On the London Stock Exchange, the conilon type closed with stability, despite concerns about global supply. May/24 had a drop of US$ 10 per ton, traded for US$ 3020, July/24 had a drop of US$ 7 per ton, worth US$ 2964, September/24 had a drop of US$ 11 per ton, traded for US $ 2912 and November/24 had a drop of US$ 13 per ton, worth US$ 2864.

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

Source: Notícias Agrícolas