Coffee Fundamental Analysis

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The price of arabica coffee futures on ICE Futures exchange New York at the close of trading on Tuesday morning (14/02) ended weak. The weakening of arabica coffee prices depressed the strengthening of the US dollar.

The increase in the US dollar makes commodities traded in the currency is becoming relatively more expensive for foreign buyers that follow eroded demand weakened. Arabica coffee futures prices slumped towards 1.4655 dollars, down by 1.08 percent.

Hours later the market will watch the speech Fed chairman Janet Yellen indicated a positive sentiment strengthening US dollar. Analysts estimated that Coffee will weaken limited by the strengthening US dollar. The price of Arabica coffee futures on ICE Futures US in New York has the potential to test support level at 1.4350 dollars.

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The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Wednesday morning (14/02) ended weak. The weakening of arabica coffee prices depressed by the strengthening of the US dollar.

The increase of US dollar makes commodities traded in this currency is becoming relatively more expensive for foreign buyers that eroded the market's demand. Arabica coffee futures prices for the most-active contract on May 2017 slumped towards 1.4595 dollars, down by 0.61 percent.

Analysts for now estimated that Coffee futures for the next session will weaken limited by the strengthening US dollar. The price of Arabica coffee futures on ICE Futures US has the potential to test the support level at 1.4300 dollar and 1.4000 dollar.

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The price of arabica coffee futures on ICE Futures exchange finished up. Arabica coffee price increases supported by the weakening of the US Dollar. The weakening US dollar makes the price of arabica coffee cheaper, so the demand is increasing. 

Arabica coffee futures prices for the most-active contract closed up at 1.4695 dollars, up 0.69 percent.Tonight will be released housing data indicated mixed. Jobless claims data also indicated increased. If realized, it will weaken the US dollar. 

Analyst estimates that the price movements of Arabica coffee futures is projected to rise by US dollar weakness. The price of Arabica coffee futures on ICE Futures US in New York has the potential to test the resistance level at 1.5000 dollar and 1.5300 dollar.

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The price of arabica coffee futures on ICE Futures exchange New York at the close of trade on Friday morning (17/02) finished up. Arabica coffee price increases supported by the weakening of the US Dollar.

The US dollar fell to its lowest in five days by going to the market doubts the certainty of a rate hike planned US Fed three times in 2017. Prices for arabica coffee futures closed up at 1.4840 dollars, up by 1, 45 cents, equivalent to 0.99 percent.

Analysts estimated Coffee futures on ICE Futures US in New York potentially bearish with the strengthening US dollar. The price on ICE Futures US in New York seems has the potential to test support level at 1.4500 dollars and 1.4200 dollars.

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Arabica coffee prices slumped in late trading Thursday morning (23/02), triggered by favorable weather conditions in the area that encourage the production of Brazilian arabica.

Arabica area in Brazil has seen better rainfall and expected good production, but São Paulo has been very dry and the government move to allow imports of Robusta to cover domestic demand. Some favorable rains are expected to dry areas, but the damage had been done.

Arabica coffee futures prices at the close of trading early this morning weakened. Arabica coffee futures prices in May 2017 fell by 0.95 dollars or equivalent to 0.63 percent and closed at 1.5090 dollars per pound.

Analysts estimated that Arabica Coffee price futures for the next trading session may potentially weak since US dollar strengthening. The price of Arabica coffee futures on ICE Futures US in New York the potential to test the support level at 1.4800 dollars and 1.4500 dollars.

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The price of arabica coffee futures on ICE Futures exchange at the close of New York trading the weekend on Saturday morning (27/02) ends slump. The weakening of arabica coffee prices triggered a decrease in Brazilian Reals.

When the Brazilian real weakened against the US dollar, prompting producers to sell to achieve higher returns for goods denominated in local currency. Arabica coffee futures prices for the most-active contract closed down towards 1.4625 dollars, down by 2.47 percent.

Analysts estimated Arabica coffee futures on ICE for the next session will weaken limited by the strengthening of US Dollar. The price of Arabica coffee futures on ICE may test support level between 1.4300 dollars and 1.4000 dollars.

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The price of arabica coffee futures on ICE Futures exchange New York at the close of trading slumped. The weakening of arabica coffee prices continue weakening as the reduction occurred following the drop in prices of robusta coffee.

 

Robusta coffee weakened due to a technical selloff said one trader, adding that the price reached at the recent low $ 2,116 has also triggered long liquidation. Dealers noted speculative net long positions of coffee remains large despite the modest decrease in the week to February 21, raising the prospect that prices may have the potential to fall back further.

 

Arabica coffee futures prices for the most-active contract closed down at around 1.4110 dollars, fall down by 5.15 cents or equal to 3.52 percent. Tonight will be released Q4 GDP Growth Rate indicated decreases. If realized decline, the US dollar will weaken.

 

Analysts estimated Coffee futures on ICE for the next session has limited strengtheing trend thanks to weakening US dollar. The price of Arabica coffee futures on ICE Futures US in New York has the potential to test the resistance level at 1.4400 dollar and 1.4700 dollar.

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The price of Arabica Coffee Futures on ICE Futures exchange Friday morning (03/03) ended weak. The weakening of arabica coffee prices depressed the strengthening of the US dollar. The increase of US dollar makes commodities traded in the currency is becoming relatively more expensive for foreign buyers that follow eroded demand weakened.

 

Arabica coffee futures prices for the most-active contract closed in May 2017 slump in the position of 1.4435 dollars, down by -0.45 cents or equal to -0.31 percent. Tonight will be observed speech the Fed chairman Janet Yellen and other Fed officials are expected to provide strengthening expectations of rising US interest rates.

 

Analysts estimated that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade will weaken limited by the strengthening US dollar. The price of Arabica coffee futures on ICE Futures has the potential to test the support level at 1.4100 dollar.

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The price of arabica coffee futures on ICE Futures exchange New York at the close of trading on Tuesday morning (17/03) ended weak. The weakening of arabica coffee prices depressed by the strengthening of US dollar.

 

The US dollar rose against the euro after the former French prime minister was not willing to run for president of France, thus increasing the opportunities for anti-EU candidate Marine Le Pen. Arabica coffee futures prices for the most-active contract closed  down towards 1.4145 dollars,  it is all equal about 1.29 percent.

 

Tonight will be released in January US trade data, with an indication of the widening US trade deficit. If realized can hit US dollar. Arabica coffee futures on ICE Futures US in New York at the next trade potentially rise limited if US dollar weakens realized. The price may test the resistance level at 1.4450 dollar and 1.4750 dollar.

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The price of arabica coffee futures on at the close of trading on Friday (26/05) ended up. The increase of arabica coffee prices is supported by bargain hunting traders.

 

Bargain hunting which came after coffee prices became cheaper in three trading sessions this week. Coffee prices slumped around 2.6 percent, prompting buying by traders. The price of Arabica coffee futures for the most active contract closed up at 1.2930 dollars, up by 0.75 cents, equivalent to 0.58 percent.

 

Analysts estimates that price movement of arabica coffee futures on ICE Futures New York in next trade potentially strong if weakening US dollar happened. The price of arabica coffee futures on ICE Futures New York potentially tested the Resistance level at 1.3200 and 1.3500 dollars.

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The price of arabica coffee futures on ICE Futures New York commodities exchange at the close of trading on Thursday (22/06) ended weaker than expected. The weakening of arabica coffee prices is hampered by the decline of Real Brazilian currency.

 

In yesterday's trade, USDBRL rose by around 0.24% at 3.3331. Weak currencies in producer countries are likely to keep coffee prices low in the near term. The price of arabica coffee futures closed down at 1.2205 dollars, down by 2.55 cents .

 

Analysts expect that the movement of arabica coffee futures prices on ICE Futures New York in next trading potentially strengthen limited if the weakening of US Dollar continues. The price of arabica coffee futures has the potential to test the resistance level at 1.2500 dollars and 1.2800 dollars.

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The price of arabica coffee futures on the ICE Futures New York commodities exchange at the close of trading on Friday (22/06) ended plummeting. The weaker Arabica coffee price was the weakest in 15 months, hampered by a decline in Brazilian real currency and favorable weather that supported the harvest.

 

In overnight trading, the USDBRL currency pair rose 0.23 percent at 3.3409. Weak currencies in producer countries are likely to keep coffee prices low in the near term.

 

The weakness of Arabica coffee prices is also due in part to dry weather in Brazil, which will speed up the harvest. The price of Arabica coffee futures for the most active contract in September 2017 closed down at 1.1650 dollars, down by -5.55 cents or equivalent to -4.55 percent.

 

Analysts estimated that the movement of Coffee futures price in ICE Futures New York potentially weakening limited jilts of US dollar strengthening occurred. The price may test the Support level at 1.1350 dollars and 1.1050 dollars.

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The price of arabica coffee futures on the ICE Futures New York commodities exchange at the close of the weekend trading late Saturday (24/06) ended up soaring. The increase in arabica coffee prices is supported by bargain hunting traders.

 

Bargain hunting came after coffee prices plunged in the previous three sessions by 8 percent, prompting buying by traders. Traders also said markets were technically oversold on Friday, which provided chart support and inspired some corrective purchases.

 

The price of Arabica coffee futures for the most active contract in September 2017 closed up at 1.2300 dollars, the price jumped by 5.58 percent. For this week the price of arabica coffee has declined around 2.34 percent.

 

Analysts expect that the movement of arabica coffee futures price on ICE Futures New York in next trading potentially weakening limited if the strengthening of US dollar realized. The price of arabica coffee futures has the potential to test the support level at 1.2000 dollars and 1.1700 dollars

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Arabica coffee prices rose in late trading early Tuesday (27/06), triggered by the projected increase in arabica coffee prices by Rabobank. Rabobank projected the price of arabica coffee at 135 cents per pound in the final quarter of this year, above 127.90 cents per pound where December futures contract prices on Monday.

 

Rabobank's projection considers reports of a Brazilian harvest showing that good results seen last year are unlikely to happen again, with below-average yields due to quality factors as well.

 

The price of arabica coffee futures in the close of trading early this morning has strengthened. The price of Arabica coffee futures in September 2017 rose by 1.50 dollars or equivalent to 1.22 percent and closed at the position of 1.2450 dollars per pound.

 

Analysts estimated that the price of arabica coffee futures for future trading may potentially strengthen limited if the weakening US dollar is realized. The price of arabica coffee futures on ICE Futures New York potentially to test the resistance level at 1.2800 and 1.3100 dollars.

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Arabica coffee prices rose in late trading early Wednesday (28/06), triggered projected by cofee production deficit. Marex Spectron estimates world production shortages of 4.4 million for 2017-18, compared with a 900,000-pound surplus in 2016-17.

 

The price of arabica coffee futures in the close of trading early this morning has strengthened. The price of Arabica coffee futures on September 2017 rose by 0.80 dollars or equivalent to 0.64 percent and closed at the rate around 1.2530 dollars per pound.

 

Tonight will be released Pending Home Sales May US data indicated to increase. If realized will strengthen US dollar. So analysts expected that Arabica coffee futures may potentially weaken limited. The price of also potentially to test the Support level at 1.2200 dollars and 1.1900 dollars.

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The price of arabica coffee futures on the ICE Futures New York commodities exchange at the close of trading ended weak. The weakening of arabica coffee prices depressed by the strengthening of the US dollar. The increase of US dollar exchange rate makes commodity prices traded in the currency to be relatively more expensive for overseas buyers so that the demand for follow-up is eroded.

 

The price of arabica coffee futures for the most active contract in March 2018 closed down at 1.1845 dollars, down by -1.55 cents or equivalent to -1.29 percent. Tonight will be released data on November US Inflation Rate indicated to increase. Also later in the day will be announced the US interest rate decision indicated to increase.

 

It seems that many analysts expect that the movement of arabica coffee futures price on ICE Futures New York in next trading potentially weakened limited especially because of the expectations of the next Inflation rate is true thus drive US dollar realized strong.

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The price of arabica coffee futures on ICE Futures New York commodities exchange at the close of trading nded weak. The decline in arabica coffee prices triggered by a big harvest forecast in producer countries. Commerzbank in a market note stating the prospect of Brazil and Vietnam's harvest is still high.

 

The price of arabica coffee futures for the most active contract in March 2018 closed down at around 1.2225 dollars, or certainly decreased by 0.90 cents or equivalent to 0.73 percent compared to previous day's price.

 

Analysts expect that the movement of arabica coffee futures prices on ICE Futures New York in future trading may potentially weaken. The price of arabica coffee futures on ICE Futures New York is predicted to test Support levels at 1.1900 dollars and 1.1600 dollars.