Morning Review: Arabica Coffee Futures fell as rainfall in Brazil eased concerns about crop damage
New YORK / London (Reuters)-ICE Arabica coffee futures plunged as much as 4 percent on Wednesday as technical weakness triggered a late sell-off and rain in Brazil, the largest coffee grower, eased fears of drought damage.
ICE raw sugar futures fell as cocoa futures fell due to short-term ample supply as more investors expected a glut.
Benchmark ICE- December Arabica coffee futures fell 7.15 cents, or 3.4%, to close at $2.023 a pound. The contract fell as much as 8.4 cents in late trading as volume widened by technical resistance after failing to rise above the one-month high of $2.0995 hit yesterday.
Rain in coffee-growing areas in Brazil weighs on coffee prices throughout the day.
Liffe- November Robusta coffee futures closed down $50, or 2.4%, at $2062 a tonne.
ICE- October raw sugar futures closed down 20 cents, or 1.3%, at 15.62 cents per pound.
Liffe- October sugar futures fell $3.20, or 0.7%, to close at $425.60 a tonne.
In the cocoa market, ICE- December cocoa futures hit an one-month low of $3144 before rebounding to close down $19, or 0.6%, at $3146 a tonne.
Liffe- December cocoa futures closed up £2, or 0.1%, at £1992 a tonne.
- Prev
Signed a contract to grow coffee beans but no one bought them (group of pictures)
The old man Ren Mutong recorded the detailed information of each client. Qiao Wenhui's warehouse stacked more than 300 mu of herbal coffee beans that had been purchased by hundreds of villagers, most of which were still stored in growers' homes. The company said that not all the purchases were due to the broken capital chain, promising to buy coffee beans within two months, reporter Zhang Jiewen, reporter Luxia photography and reading.
- Next
Robusta Coffee Lower on London International Financial Futures Exchange
LONDON, Sept. 4 (Reuters)-November Robusta coffee futures closed down $50, or 2.4 percent, at $2,062 a tonne Wednesday on the International Financial Futures Exchange. Weaker technical conditions triggered a late sell-off, while rain in Brazil, the biggest coffee grower, eased concerns about crop damage from drought. ICE raw sugar futures lower due to abundant short-term supply
Related
- Fruit porridge?! Chabaidao launches "Solid Poplar Branch Ganlu"
- Come with the earth! Lucky publicly announced that it will return to the United States for listing!
- A museum in Beijing launches cockroach coffee! Netizen: Don't come over!!!
- Fierce conflict! Customers and Zus Coffee clerk throw coffee at each other?!
- How long can coffee beans last after being ground into powder? How long is the shelf life of coffee powder? How to store coffee beans after being ground into powder? How many days is the flavor appreciation period for a single coffee powder?
- Note that this habit can easily make your coffee less delicious! Why is it easy to block up the water when making coffee by hand? What is the problem with uneven steaming and extraction in making coffee?
- What is the three-hand tempering method? How to make espresso quickly? What are the tips for making espresso parameters?
- What is the reason why the coffee grease in the mocha pot dissipates so quickly? What is the difference between mocha pot coffee and espresso? Is the coffee brewed in the mocha pot Espresso?
- How to solve the problem if the coffee foam is thickened or layered? What does pre-fusion of coffee flowers mean? How to make a cappuccino coffee pot with flowers?
- "Never seen anyone use it before"?! Why doesn't Starbucks take the initiative to provide store cups?