The possibility that the Fed will maintain economic tightening measures because of high inflation will keep commodity markets in general still at a disadvantage…
At the end of the session, the price of Robusta coffee on ICE Europe – London continued to increase. The March delivery term increased by 21 USD, to 1,873 USD/ton and the May delivery term increased by 20 USD, to 1,839 USD/ton, very significant increases. Trading volume remain average.
On the contrary, the price of Arabica coffee on the ICE US floor – New York continued to fall deeply. The March spot futures fell another 5.00 cents to 161.30 cents/lb and the May delivery futures fell another 4.95 cents to 161.35 cents/lb, sharp declines. Trading volume very above average.
The price of green coffee beans in the Central Highlands provinces increased by 400 VND, to range from 40,800 to 41,300 VND/kg.
The price of coffee futures maintained an opposite trend with the New York market continuing to fall deeply, despite the USDX’s decline, speculative capital flows to stock exchanges and long-term treasury bonds Meanwhile, Robusta coffee prices continued their upward momentum as the inventory report managed by the London Stock Exchange continued to drop another 0.39% to a 4.5-year low and many other supportive fundamentals.
Following the announcement of the last meeting of the Federal Reserve (Fed), Wall Street investors said that the members of this organization had a more hawkish tone than before. Perhaps this has caused US stocks to bounce back and long-term Treasuries to become more attractive, interest rates are unlikely to fall anytime soon as inflation remains above target and commodity markets say. are generally at a disadvantage.
English (giacaphe.com)
