Coffee is trading in opposite directions on the B3 this Thursday morning.

At 9:50 am (Brasilia time) this Thursday (30), the September contract for Arabica coffee traded on Brazilian Stock Exchange (B3) The price of corn was down 0.37%, quoted at US$395.15 per 60 kg bag. Meanwhile, the December contract was up 0.50%, at US$373.20/bag. In… New York Mercantile Exchange (Nymex)Brazilian coffee futures are in positive territory, with September futures rising 1.24% to US$329.85/sc, and December futures appreciating 0.73% to US$310.80/sc. This morning, market participants are reacting to new harvest data from Brazil. Cooxupé's weekly survey shows that the coffee harvest reached 58.3% of the cooperative's operating area by July 24th, encompassing the regions of Southern Minas Gerais, Cerrado Mineiro, Matas de Minas (MG), and Média Mogiana (SP). By region, Southern Minas Gerais leads the pace, with 64% of the area harvested, followed by São Paulo with 63%. Matas de Minas and Cerrado Mineiro show slower progress, with 50% and 49% harvested, respectively.

This text was translated by machine from Brazilian Portuguese.