The world’s two coffee futures exchanges have recovered most of the losses of the previous session…
Robusta chart London 3/2022 session on 15/02/2022
At the end of the session, the price of Robusta coffee on ICE Europe – London reversed to increase. Futures for delivery in March increased by 18 USD, to 2,281 USD/ton and term for delivery in May increased by 22 USD, to 2,265 USD/ton, significant increases. Trading volume maintain on average.
Similarly, the price of Arabica coffee on the ICE US floor – New York also reversed to increase. March spot futures rose 4.30 cents to 251.85 cents/lb and May delivery futures rose 3.85 cents to 251.75 cents/lb, strong gains. Trading volume remained very above average.
The price of green coffee beans in the Central Highlands provinces increased by 300-400 VND, fluctuated in the range of 40,900 – 41,500 VND/kg.
Russia announced the withdrawal of troops at the border has made most investors in the general markets breathe a sigh of relief, optimism has returned, the green color covers the derivatives exchanges according to the recovery strength of USDX and US stocks.
World coffee futures prices reversed to recover in line with the general trend of agricultural commodity markets and the two exchanges recovered most of the losses of the previous session. This was also contributed by the report that ICE-monitored inventories fell to a 22-year low in New York and a 3-year low in London, which spurred speculation back into net buying after heavy liquidation. before.
Inventories on the two exchanges fell deeply, the pressure of the first delivery announcement date (FND) is coming, while speculating that the US Federal Reserve (FED) will strongly raise USD interest rates in the new upcoming meeting. is of interest to speculators at the moment.
English (giacaphe.com)
