The US Senate has approved the appointment of a new TCPV judge with 52/48 votes, but the market is also disappointed when the new funding package is still stuck on the eve of the presidential election, causing USDX to decrease slightly, beneficial to increase purchase of exported goods.
Robusta London T1 / 2021 chart session on October 26, 2020
Ending the first session of the week, Robusta coffee prices on ICE Europe – London increased. January spot futures increased by 8 USD, to 1,313 USD / ton and futures for March delivery also increased by 8 USD, to 1,321 USD / ton, the slight increases. Trading volume is very high above average.
Similarly, Arabica coffee prices on the ICE US – New York floor were in the same upward trend. Futures for December delivery increased 1.05 cents, to 106.65 cents / lb and for March futures rose 0.95 cents, to 109.35 cents / lb, the significant increases. Trading volume maintained at an average level.
The price of coffee beans in the Central Highlands provinces increased by 100-200 VND, up fluctuated in the frame 31,700 – 32,300 VND / kg.
Export Robusta coffee price type 2, 5% broken black, stood at 1,441 USD / ton, FOB – HCM, with a difference plus 100 – 120 USD / ton in term of March in London.
Reais Copper rose 0.31%, to $ 1 = 5.6130 Reais as USDX fell slightly back to disappointment when the new funding package was not yet approved and the covid disease infection reported. The 19-fold increase causes many European and North American countries to implement even stronger social gap measures.
Coffee prices increased slightly on both floors due to unfavorable weather in the two leading producers. There has been a concern that Brazil will decrease the output of the next crop and the harvest of the new crop of Vietnam will be delayed for several weeks because of consecutive storms and storms, the fruits of this year ripen late.
English (giacaphe.com)
