Although the market was a little excited when China reopened, speculation that the Fed will raise the USD interest rate by 0.5% at the first meeting of the new year continues to put coffee prices at a disadvantage… Robusta chart London 3/2023 session on 11/01/2023 At the end of the session, the price of Robusta […]
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Robusta coffee term 03/2023 (LRCH23) red color continued to dye both coffee floors, down 29 USD (-1.58%), closing price at 1,811 USD/ton. The DXY Index fell 0.68% to 103.18 amid little market volatility as traders awaited information on the US Consumer Price Index (CPI) to be released later today, which is expected to help they […]
Arabica coffee term 03/2023 (KCEH23) continued the series of consecutive days of decline, down 7.00 cents (-4.64%), closing price at 143.90 cents/lbs. The USD traded in a low state as Fed Chairman Jerome Powell did not give any clues about the Fed’s monetary policy during the group discussion in Sweden the previous day and with […]
The December CPI report showed that US inflation was on the decline, which stimulated most commodities to reverse to increase again… Robusta chart London 3/2023 session on 12/01/2023 At the end of the session, the price of Robusta coffee on ICE Europe – London reversed to increase. The March spot term increased by $70 to […]
Arabica coffee term 03/2023 (KCEH23) ended a series of consecutive days of decline, reversed to increase, increased by 5.50 cents (+3.82%), the price closed at 149.40 cents/lbs. The USD had a falling session after the US consumer price index (CPI) data in December 2022 was released with a decrease in price growth compared to November […]
Robusta coffee term 03/2023 (LRCH23) reversed to increase thanks to the support of monetary factors, increasing by 70 USD (+3.87%), closing price at 1,881 USD/ton. The US consumer price index (CPI) data for December released yesterday made the currency and commodity markets have strong changes. Specifically, the core CPI (excluding food and energy prices) increased […]
Oil prices rise more than 1% Oil prices rose $1 a barrel, supported by a surprise drop in US consumer prices in December 2022 and optimism about China’s demand outlook. Closing the session on January 12, Brent crude oil gained 1.36 USD or 1.7% to 84.03 USD/barrel and West Texas Intermediate crude oil increased 98 […]
Robusta coffee term 03/2023 (LRCH23) continued its slight decline, down 7 USD (-0.38%), closing price at 1,825 USD/ton. The DXY ended sharply lower 1.17% to 103.88 after the Institute for Supply Management (ISM) said the US non-manufacturing PMI fell to 49.6 in December from 56.5 in November, besides just The services PMI also fell below […]
Arabica coffee term 03/2023 (KCEH23) continued to extend the series of consecutive days of decline, down 2.25 cents (-1.40%), the price closed at 158.30 cents/lbs. The dollar had a strong weekend trading session after falling sharply after the employment and wage data were released at the end of last week, specifically, employers added 223,000 jobs […]
Robusta coffee prices returned to a positive trend after a report that inventories in London continued to fall deeply… Robusta chart of London 3/2023 session on 09/01/2023 At the end of the first session of the week, the price of Robusta coffee on ICE Europe – London reversed to increase. Futures for delivery in March […]