A stronger US dollar together with a series of optimistic country forecasts from the USDA combined to push arabica prices lower this week, wiping out all of last week’s gains. Arabica coffee prices ended the week down 9.75 cents/lb, with the second position for arabica (September) closing at 179.55 cents/lb. Robusta coffee prices fared much …
A slightly lower forecast for the upcoming Brazilian harvest from CONAB together with concerns about the robusta crop in Vietnam forced prices higher this week although the path upwards was far from smooth. Arabica coffee prices ended the week up 8.45 cents/lb, with the second position for arabica (September) closing at 189.30 cents/lb. There appears …
As expected, there was a sharp reversal of last Friday’s gains on Monday when it was realised that the upcoming cold snap in Brazil would not produce a frost. Indeed, the updated forecasts suggested that temperatures would be even slightly higher than were predicted last week. Thereafter coffee prices on the arabica market continued to …
Overall, both markets remained on tenterhooks throughout the week not really knowing what direction to take. Nevertheless, despite starting off positively, both markets came under pressure mid-week, only to rally on Friday as the threat of a cold front hitting Brazil late next week forced prices back upwards. Arabica coffee prices ended the week gaining …
A very volatile week with prices seesawing up then down but finishing the week on a negative note. Much of the activity was related to currency movements although a small but significant increase in the open long position which will need to be sold sometime soon created the negative tone on which the week ended. …
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