The week of August 23-27 ends with coffee futures contracts on the New York Stock Exchange supported by bullish fundamentals and positive technical indicators. The dollar gained strength against most other currencies, including the real, and in cash rose 0.87%, ending the session on Thursday (26) at R$5.256.
The maturity September/2021, on the New York Stock Exchange, closed at US$ 1.8565 cents per pound, with a positive weekly variation of 740 points. At ICE Europe, the September/2021 coffee maturity rose US$ 125.00, closing yesterday (26) session at US$ 1,987 per ton.
In the physical market, researchers at the Center for Advanced Studies in Applied Economics (Cepea) report that the prices of Arabica and canephora coffee have risen. According to the researchers, the prices of canephora (robust) reached a new nominal record for the entire historical series of Cepea, which began in 2001.
Prices were driven by the appreciation of the dollar and futures contracts on the London Stock Exchange and some deals were closed in the national spot. For Arabica, prices also rose yesterday (26) in the national spot, influenced by external appreciation, however, negotiations were limited. The indicators calculated by the institution for the Arabica and Robusta varieties stood at R$ 1,067.49 per bag and R$ 674.35 per bag, respectively, with weekly variations of 2.31% and 3.41%.
Somar Meteorologia reports that a cold front should spread rain throughout the state of São Paulo, Sul de Minas and Rio de Janeiro this Friday (27). In other areas of Minas and Espírito Santo, it is still hot and the weather remains firm. On the weekend, the rain should also spread across Rio de Janeiro, Zona da Mata and Sul de Minas, with storms.
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