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Daily Market Briefing

Neutral

Arabica coffee futures rebound from one-month low amid technical buying and low inventories.

Arabica coffee futures experienced a slight recovery after reaching a one-month low, driven by technical buying and low inventories. The market remains balanced between concerns over supply and demand dynamics.

Key points

  • Arabica coffee futures closed at $1.925 per pound, up 1.2% from the previous day, following a one-month low of $1.864.
  • Technical buying increased after futures broke through the 50-day and 200-day moving averages.
  • The market is offsetting a general decline in commodity markets and ample supply.

Sources

AI-generated from public news sources. Not financial advice.

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