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April 28, 2023
Coffee is down to $186.45 per pound, after ending yesterday at $188.2. Overall, a 0.93% loss or $1.75 today.
United States Core PCE Price Index (MoM) (Mar) is next today at 12:30 UTC.
Following a previous reading of 0.8%, Pending Home Sales in United States released yesterday at 14:00 UTC fell short of the 0.5% figure expected by analysts with an actual reading of -5.2%. Following a previous reading of 2.6, GDP in United States released yesterday at 12:30 UTC fell short of the two figure expected by analysts with an actual reading of 1.1.
On the flip side, highly important Initial Jobless Claims data from United States beat analyst expectations of 248,000 with a reading of 230,000.
Taking a look at other Softs commodities, negative performances are evident as Sugar is down to $26.06, losing 29 cents, after closing at $26.35 in the preceding trading session. Cocoa is down $13 from the beginning of the session and now trades around $2,911.
Positive performances can be seen by looking at other Softs markets as having closed the previous session at $80.4, Cotton is up 0.55% today to currently trade at around $80.84.
Furthermore, United States Core PCE Price Index (MoM) (Mar) is scheduled for today at 12:30 UTC.
Coffee hit a significant low of $151.1 around 3 months ago, but has since recovered 24.55%.
