New York Futures: Arabica Coffee Futures rise, Cocoa Futures fall
New YORK / London Nov 25 (Reuters)-Arabica coffee futures rose in volatile trading on Tuesday, the biggest one-day gain in a week, as investors took a wait-and-see attitude before Brazil's 2016 harvest outlook became clearer. Technical factors dominate the market. Cocoa futures recorded their biggest one-day drop in nearly two weeks.
Raw sugar futures closed basically stable, and the previously released Brazilian sugar cane crushing data were in line with expectations.
Trading volume in soft goods markets was generally below average before the U.S. market was closed for the Thanksgiving holiday on Thursday, according to preliminary Thomson Reuters data.
ICE- March Arabica Coffee Futures (KCc2) closed up 4.55 cents, or 2.4%, at $1.9505 a pound, following a late buying spree after the contract broke through the key moving average.
"the market has held its [technical] support and, fundamentally, supply has been reduced," said Jack Scoville, vice president of Price Futures Group.
January Robusta coffee futures (LRCc2) closed down $4, or 0.2%, at $2095 a tonne.
In the cocoa market, ICE- March New York cocoa futures (CCc2) closed down $42, or 1.5%, at $2824 a tonne, prompting investors to close their positions as the technical and fundamental outlook became increasingly bearish.
ICE- March London cocoa futures (LCCc2) closed down 20 pounds, or 1.1%, at 1873 pounds per tonne.
ICE- March Raw Sugar Futures (SBc1) closed flat at 16 cents per pound, fluctuating in intraday trading, falling after jumping 1.3%.
ICE- March sugar futures (LSUc1) closed down $1.90, or 0.5%, at $415.80 a tonne.
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
The reduction in overseas production has led to a big increase in exports. Yunnan Coffee and beans are soaring in quantity and price.
Affected by extreme weather, the global supply and demand of coffee beans, the raw material of coffee, has been challenged this year. Multi-party data show that due to the main producing areas of coffee beans, such as Brazil, affected by drought, diseases and insect pests and other factors, coffee bean production has dropped sharply this year, resulting in coffee beans in short supply and prices showing an upward trend. At present, it has also entered the picking season of domestic coffee beans. Yesterday (November 25), coffee in Yunnan Province
- Next
Green Train Cafe in Hankou River attracts tourists with nostalgic style
Yesterday, a message called the first green locomotive cafe in Wuhan quietly spread in moments, with 20,000 views of the message on a well-known WeChat account alone. For this reason, the reporter specially went to the beach to find out. Not far from the gate of Yuehan Wharf on the beach of Hankou is the stop point of this green locomotive. Dozens of meters of railway tracks covered with gravel are decorated with spray paint.
Related
- Which is more suitable for espresso? Light roast, medium roast, and dark roast? Why is coffee fat richer?
- Why can I never finish making coffee in Turkish sand? Share Turkish coffee making steps and parameters!
- The influence of the thickness of the hand-brewed coffee powder bed on the extraction taste! What is the difference between a flat bottom and a conical V60 filter cup?
- Why is the hand-brewed single coffee that has a faint taste and no aroma? Shallow and deep-roasted coffee brewing parameters!
- Can I drink hand-brewed coffee with milk? Ole Latte Coffee Making Parameters, Proportion, Steps, Share!
- Mineral water bottle to make cold extract coffee detailed tutorial parameters sharing how to make cheap version of cold extract black coffee
- Coffee cup testing process steps and tasting projects are shared! Flavor tasting content of high-quality coffee beans
- Hand-flushed, lightly roasted, deep-roasted coffee beans, water temperature grinding ratio parameter! The difference between deep-roasted and lightly roasted fine coffee beans!
- How to make hand-brewed coffee out of a uniform pit? What is the reason for the flat bed of fine coffee brewing powder?
- Why does the 92°C hot water used to make coffee not come out at 92°C? How much water should I use to make hand-brewed coffee?