DEC 31 (SpillingTheBeans)–Active March Arabica coffee futures closed down 4.00 cents on Tuesday at $1.1070 cents per pound at the ICE futures exchange in New York, as quiet holiday trade was dominated by profit taking in a low-volume market where most market players were away. On the last day of the year, more forward May Arabica futures closed equally down 4.00 cents at $1.1295/lb. But the market for both contracts stayed above the important psychological barrier of $1.10/lb, holding on to most of the net gains from the last few weeks where concerns over the continuing slow exports out of the world’s second largest producer Vietnam has added pressure on the market.
DEC 30 (SpillingTheBeans)–Active March Arabica coffee futures closed down 1.65 cents on Monday at $1.1470 cents per pound at the ICE futures exchange in New York in quiet holiday trade. More forward May Arabica futures closed down 1.65 cents at $1.1695/lb.
DEC 27 (SpillingTheBeans)–Active March Arabica coffee futures closed up 0.90 cent on Friday at $1.1635 cents per pound at the ICE futures exchange in New York in quiet post-Xmas trade as concerns over the continuing slow exports out of the world’s second largest producer Vietnam weighed on the market. More forward May Arabica futures closed up 0.90 cent at $1.1860/lb, consolidating gains of 10 cents per pound, or close to 10 percent, in the last two weeks.
DEC 26 (SpillingTheBeans)–Active March Arabica coffee futures closed up 0.70 cent on Thursday at $1.1545 cents per pound at the ICE futures exchange in New York in a post-Xmas holiday market dominated by low volume and little trading interest. More forward May Arabica futures closed up 0.70 cent at $1.1770/lb.
DEC 25 (SpillingTheBeans)–Arabica coffee futures closed for trading at the ICE futures exchange in New York.
DEC 24 (SpillingTheBeans)–Active March Arabica coffee futures closed down 1.10 cents on Tuesday at $1.1475 cents per pound at the ICE futures exchange in New York, after a slow pre-Christmas session with little volume. Prices opened flat but then started rising, as dealers in the bull-camp of the market tried to push the market higher and extend gains from the previous sessions. But early gains of close to one cent failed to hold up amid poor volume, profit taking and little interest as many market players left for the Christmas holiday early last week. More forward May Arabica futures closed down 1.05 cents at $1.1700/lb.
DEC 24, O-NIGHT (SpillingTheBeans)–Arabica coffee futures continued to strengthen in early overnight trade Tuesday at the ICE futures exchange in New York, with the active March contract up 0.85 cent to $1.1670 per pound, while more forward May Arabica futures were up 0.95 cents and near fresh 4-month highs at $1.1900/lb. (4:30a.m. update)
DEC 23 (SpillingTheBeans)–Active March Arabica coffee futures closed stronger again on Monday at the ICE futures exchange in New York, extending gains from last week and resulting in prices settling up 0.55 cent at $1.1585 per pound. Traders said concerns over “very slow shipments” out of Vietnam, the world’s second largest producing country — and which the bear camp in the market has pegged to produce a record crop for which evidence yet has to emerge — continued to weigh heavily on the market. Short-covering by funds have also contributed to net gains in futures of some 10 percent, or over 10 c/lb in the last two weeks but prices are still, however, well below the cost of production in most producing countries. Weather damage from erratic rains and dry seasons provoked by the growing impact of climate change also continue to create additional problems for growers in keeping in line with the upper side of crop forecasts for the new 2013-14 world crop. More forward May Arabica futures, meanwhile, closed up 0.55 cents near recent 4-month highs at $1.1805/lb.
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My name is Maja and I’m a Danish born woman crazy beyond passionate about everything coffee. I have written about all aspects of coffee for over 25 years from 60 coffee producing countries across the world.
I have read your blog and really like the content, keep up the posts as I will be back.