Coffee market: The price of the two exchanges is weak. Is there a reduction?

06/02/2018

US stock price rises, bond value up but dollar devaluation. Prices of crude oil and gold rose while coffee prices declined. BRL copper lost 1.25% (1 USD to 3.24 BRL) when news of today's 24-1 former President Lula will be questioned for suspected corruption in his incumbent.

However, prices of agricultural products have fallen in line with the general trend. It is possible that financial speculative funds yesterday circulated capital to other exchanges such as crude oil, gold and stocks because of the eight floor futures, only two floors have increased prices are sugar and corn.

The weak BRL depreciated against New York's arabica prices, although the Colombian crop may be affected by wet weather.

For arabica, many people believe that even though the excess of speculation on the floor has swelled up a lot.

Meanwhile, London futures fell sharply after a peak rally in 1794. Is this a downward spiral after the jump to 1794 or robusta prices have sank? Technical factors are doing business in the middle, difficult to choose direction or increase.

Session this afternoon will answer. London will choose the direction as soon as the results today.

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