At 10:22 am (Brasilia time) this Monday (29), the September contract for Arabica coffee traded on Brazilian Stock Exchange (B3) The price was operating at a moderate high of 0.62%, quoted at US$326.00 per 60 kg bag. The December contract, however, remained stable at US$320.10/bag. Meanwhile, New York Mercantile Exchange (Nymex)The assets appreciated by 1.02% and 0.86%, quoted at US$ 276.00/sc and US$ 263.15/sc, respectively. This morning, the market found support in the foreign exchange market, with the dollar in Brazil operating on an upward trend, which favors Brazilian shipments, in addition to the fall in the global dollar, with a 0.12% drop in the DXY, which increases exports from the United States. Furthermore, the market is monitoring the progress of the harvest in regions where the weather has become more stable again, but remains attentive to the impacts caused by excessive rainfall in important producing areas of Brazil.
This text was translated by machine from Brazilian Portuguese.