After nine days of going down, the Coffee future is stable today, trading around $185.15

Coffee trades at $185.15 per pound, after ending yesterday at $185.6.

Coffee is currently trading at $185.15 following the release of JOLTs Job Openings (Mar) data from the United States.

This uncertain state for Arabica Coffee is reflected by published market data as United States JOLTs Job Openings (Mar) released today at 14:00 UTC with a figure of 9.59 million, while the previous figure was 9.97 million. United States ISM Manufacturing PMI (Apr) came out at 47.1, while a consensus of analysts was expecting 46.8. United States Factory Orders released earlier showed a marked improvement to 0.9% from the preceding data of -1.1%, but fell short of the 1.1% figure forecast by a consensus of market analysts.

Meanwhile, mixed performances are seen in other Softs as Cocoa is trading around $2,892 (down $40). Sugar closed at $25.26 (down 1.1%). Cotton is down 64 cents from the beginning of the session and now trades around $80.67.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Crude Oil Inventories is projected to outperform its last figure with -1,000,000, having previously been at -5 million. The figure will be published tomorrow at 14:30 UTC. United States Interest Rate is expected tomorrow at 18:00 UTC. United States ADP Nonfarm Employment Change (Apr) is expected tomorrow at 12:15 UTC.

Coffee is now trading 22.83% above the significant low ($151.1) it slumped to 3 months ago.