Café in Colombia – Today 07/05: Fluctua price (graphic)

• The price of Arabica coffee seems to have found support around the critical level of 389.90 cents.
• Conab, the Brazilian crop forecast agency, raised its coffee production forecast in Brazil by 2025 to 55.70 million bags.
• The dollar index lost ground and now listed at 99,233 points waiting for the advertisement of the Fed on the interest rate in the next few hours.

• The Arabic Coffee in the future with expiration in July (Iceus: KCN25) opens today to 389.35 cents, which is equivalent to a price of $ 3,8935 per pound.
• The USD/COP pair quotes at a price of 4,300.50 pesos, for a relative price of Arabica coffee in Colombia of 16,744.00 pesos per pound.

Let’s look at the analysis of the 30 -minute intradiary graphic of Arabica coffee:

• The price of coffee bag opens today to 389.35 cents per pound. At the end of the second hour of negotiation, it lies at 388.15 cents, for a decrease of 0.31% so far.
• During the session of May 6, the price reached a relative maximum of 394.00 cents. Then, partially retreated, closing with a marginal variation of 0.67% in 389.75 cents.
• At this time, the price of coffee stabilizes around the critical level of 389.90 cents.
• The daily volume reflected yesterday 2 activity peaks of 909 and 675 negotiated contracts, respectively. Today, the volume opens below its daily average of 389 contracts.
• The RSI indicator is located with respect to its average level and reflects a value of 46.80.

Next, the weekly Arabic coffee chart since the late 2023:

• Although the increase has been modest, the price of Arabica coffee resumed its upward behavior in the last 2 days. Will this week culminate over the 400 cents?
• The next relevant maximum is on the 411.25 cents.
• The average of 50 weeks reaches 314.04 cents, while the average volume of 24 weeks is 85,720 contracts.
• The RSI oscillator improves relatively and is located at a value of 61.27, although it still remains below its 14 weeks.

The price of Arabica coffee continued to increase on Tuesday, thanks to recent news of few rains in Brazil.

However, the market was also negatively influenced by an announcement of CONAB, the Brazilian crop forecast agency, which raised its coffee production estimate in Brazil by 2025 to 55.70 million bags, compared to an estimate of 51,81 million bags in January.

The USD/COP pair quotes 4,300.50 pesos for each US dollar:

• The USD/COP torque closed slightly upward yesterday, after having reached a maximum of 4,322.20 pesos, and then retreat at the end of the session.
• At the moment, the exchange rate continues to consolidate over its 50 days: 4,237.70 pesos.
• On the eve of the Fed announcement on the interest rate, the dollar index has lost ground and now trades 99,233 points in the face of investor pessimism.
• The market is becoming nervous because a month has passed the tariff negotiation schedule, after the 90 -day break announced on April 9, without remembered anything significant so far.

Will the price of Arabica coffee continue to recover despite tariff uncertainty?

Will Colombia keep the production levels observed in 2024?

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