The two floors are strengthened, cautious with the mentality of waiting for the early spring rains to make a new crop in Brazil…
Robusta chart London T11/2021 session on August 25, 2021
At the end of the session, the price of Robusta coffee on the ICE Europe – London floor extended the rising chain to the fourth session. The November spot term increased by 2 USD, to 1,973 USD/ton and the term for delivery in January 2022 increased by 11 USD to 1,941 USD/ton, slight increases. Trading volume on average The island price structure closes the gap.
Similarly, the price of Arabica coffee on the ICE US floor – New York has the same upward trend. December spot futures added 0.60 cents to 186.35 cents/lb and March 2022 futures added 0.65 cents to 189.05 cents/lb, slight gains. Trading volume on average.
The price of green coffee beans in the Central Highlands provinces remained unchanged, still fluctuating in the range of 38,600 – 39,500 VND/kg.
Price of export Robusta coffee grade 2.5% black broken, standing at 1,861 USD / ton, FOB – HCM, with a deduction of 70 – 80 USD / ton according to the January 2022 futures price in London.
The Reais rose 0.95%, the exchange rate rose to 1 USD = 5.2110 Reais showing confidence in the Brazilian government’s budget spending commitment, while the outside market continued to show optimism. when many major economies grow above expectations.
US stocks set a new record, crude oil recovered, gold fell sharply, coffee prices maintained their upward momentum… mainly due to the shifting balance of speculative capital flows commonly seen after the expiration date of options contracts. among highly liquid derivatives markets.
The price of coffee on both exchanges consolidated, cautiously with the trading volume still not high as investors are still waiting for new information. Especially the weather forecast for the next 7 days in Brazil when winter ends and spring rains begin to appear.
English (giacaphe.com)
