Earlier this morning (July 30), future Arabica coffee quotes on the New York Stock Exchange (ICE Futures US) traded close to 100 points and extended last Friday’s gains. The external grain market is still technically accommodated and accompanies dry weather in Brazil, the country’s largest producer and exporter of the commodity.
By 9:25 AM, the September / 18 contract was up 120 points at 111.65 cents / lb, while December / 18 posted 114.75 cents / lb with a gain of 115 points. The March / 19 maturity rose 110 points to 118.25 cents / lb, while May / 19 appreciated 110 points to 120.65 cents / lb.
In Brazil, at the last closing, the hard type 6 was being traded at R $ 430, the 60 kg sack in Espírito Santo do Pinhal (SP). In Guaxupé (MG) the prices were quoted were R $ 434 a bag and in Poços de Caldas (MG) were worth R $ 441 a bag.
The information is from the site Notícias Agrícolas.