Morning Review: Arabica Coffee Futures decline
New YORK / London (Reuters)-ICE raw sugar futures closed higher on Friday for the first time in seven sessions, buoyed by end-users and technical buying after falling to a five-and-a-half-week low yesterday.
ICE cocoa futures were technically driven away from the five-and-a-half-month low hit this week, while Arabica coffee futures fell on forecasts of rain in Brazil, the main grower.
ICE- 's March raw sugar futures closed up 21 cents, or 1.4%, at 15.69 cents a pound, hitting a low of $15.42 on Thursday.
"the market is extremely oversold and 15.50-15.75 cents seems to be a good buying opportunity for end users." Said James Cordier, founder of commodity investment company OptionSellers.com.
December sugar futures on the London International Financial Futures and options Exchange (LIFFE) rose $3.50, or 0.8%, to close at $418.90 a tonne.
ICE- March cocoa futures closed up $12, or 0.5%, at $2883 a tonne. LIFFE- March cocoa futures rose 8 pounds, or 0.4%, to close at 1902 pounds a tonne.
March Arabica coffee futures fell 1.25 cents, or 0.7%, to close at $1.8675 a pound. LIFFE- January Robusta coffee futures rose $12, or 0.6%, to $2019 a tonne.
- Prev
Starbucks "selected" Coffee enters the Coffee Market
Chinese mainland recently announced that the top coffee brand Starbucks has officially entered the Starbucks market.
- Next
Yunnan Exchange New Platform Helps Coffee Industry Development
A few days ago, Kunming Coffee Trading Center (Preparatory Committee) listing ceremony was held. The listing campaign, jointly launched by Yunnan Province Coffee Industry Association and Yunnan Province Fine Coffee Society, aims to build a trading center before Yunnan coffee goes public this season. At present, the construction of trading places is imminent. At present, in Dehong, Lincang, Pu 'er, Baoshan and other Yunnan coffee producing areas, some sea
Related
- How does coffee break out of rich layers? Which is better, washed coffee beans or sun-dried coffee beans?
- What are the five ways to drink American coffee? What is the difference between American coffee and Long Black? How to make quicksand ice American style? How to pull flowers in American coffee? Can I take milk in American coffee?
- What's so good about Blue Mountain, which ranks first in the world's top coffee beans? What grade does Blue Mountain Coffee belong to? What are the characteristics and taste of Blue Mountain Coffee?
- How to draw flowers in American coffee? Can American coffee draw flowers? What is the principle of latte flowers? How to kill the milk foam of coffee flower?
- Is it better to use lightly baked beans or deeply baked beans for mocha pot coffee? How to use and make a mocha pot! What should I do if the Mocha pot has a splash problem?
- What does special coffee mean? What beans are the best to make special coffee? Do you make special coffee with espresso or cold extract? Why is specialty coffee the "cocktail" of the coffee industry?
- Coffee shop specialty American production ratio step by step tutorial KFC apple bubble American practice
- What is the difference between the foam of a latte and white cappuccino? How thick should Latte's milk foam be made? What's the difference between a cappuccino and an Australian white latte?
- The right way to drink espresso! How to drink coffee best? Do I have to gulp dirty coffee?
- Take restrictions! Starbucks takes action to crack down on "coffee workers"