Coffee Futures Closed Slightly Higher as the Christmas Holidays Start
Coffee futures marked a slow day today as we open the holiday week, we expect this to continue to the end of the week. The main contract Mar NY Arabica settled at 327.25 slightly 2.25 cents higher. There was a total of 20,740 lots traded today in NY and 12,108 lots traded in the London terminal; exceptionally low volumes for both here. Very little fixing at these prices due to the absence of roasters during the holiday. Tomorrow 12/24/24 is the London Robusta January FND, as of the previous session Friday 12/20/24 there were 2,663 lots traded. The spot Mar London contract settled at 5008 todays session near unchanged from previous settle. The USD continues to gain momentum against foreign currencies as we see the Real weaken above the 6.0 spot. Below is our holiday schedule.
December 24th – NY closes at 1:05PM EST
December 25th – NY and London closed
December 26th – NY opens late, London closed
At the time of writing this:
USDBRL 6.1939 +1.77%
USDCOP 4,362.77 -0.36%
Miami London Brazil
305-925-4847 +44-203-580-6099 +55-11-3509-5426
ICE Arabica
Volume:
20,740
ICE Robusta
Volume:
12,108
Brazil Arabica
Volume:
241
Arabica-Brazil Arbitrage
Arabica-Robusta Arbitrage
Arabica Switches
Robusta Switches
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