Coffee Futures Closed Lower to Finish the Week
Coffee futures closed lower for the first time in four sessions today, in what looked like profit taking before the weekend as we await the next weather updates from Brazil. Prices in both terminals sold off from the open, with both markets coming back from the lows for the official settlement period. With weather forecasts today practically unchanged, traders will be waiting for news of rain over the weekend and watching the forecasts for next week. The GFS model shows some rains beginning next week on October 3rd, while the European model still shows the coffee region going through another dry week.
At the time of writing:
USDBRL 5.4337 -0.083%
USDCOP 4,174.28 +0.19%
Miami London Brazil
305-925-4847 +44-203-580-6099 +55-11-3509-5426
ICE Arabica
Volume:
31,428
ICE Robusta
Volume:
13,017
Brazil Arabica
Volume:
846
Arabica-Brazil Arbitrage
Arabica-Robusta Arbitrage
Arabica Switches
Robusta Switches
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