Both futures markets are almost back to the lows of the first session of the week…
Robusta chart London March 2022 session on January 27, 2022
At the end of the session, the price of Robusta coffee on ICE Europe – London continued to decline. The March delivery term decreased by 27 USD to 2,191 USD/ton and the May delivery term decreased by 17 USD to 2,174 USD/ton, very significant reductions. Trading volume on average. The island price structure continues to close the gap.
Similarly, the price of Arabica coffee on the ICE US floor – New York trended down. The March spot futures fell 6.85 cents to 232.05 cents/lb and the May delivery futures fell 6.60 cents to 232.65 cents/lb, sharp declines. Trading volume very above average.
The price of green coffee beans in the Central Highlands provinces decreased by 400-500 VND, to range from 39,200 to 39,800 VND/kg.
Gold and digital currencies plunged, while speculative capital flooded back into the stock markets. USDX rebounded strongly, putting most commodity markets at a disadvantage. It seems that excessive inflation, the possibility that the Fed will cut stimulus and will raise the basic interest rate in USD more times than expected has led speculators to shift capital flows. “disorder” don’t know where to measure.
The coffee futures markets almost returned to the first session of the week with the selling pressure of the new crop from major producing countries still intact.
Domestic traders in Vietnam closed for the early Tet holiday. The market recorded only a few transactions of traders with negligible volume.
English (giacaphe.com)
