Coffee trades at $167.1 per pound, after ending yesterday at $167.15.
The Coffee future is currently trading at $167.1 following the release of Core PCE Price Index (MoM) (Dec) data from the United States.
Coffee's state is reflected by market data as United States New Home Sales (Dec) came out at 616,000, while a consensus of analysts was expecting 617,000. United States Core Durable Goods Orders released yesterday at 13:30 UTC is better than expected at -0.1% but down from preceding data of 0.1% according to new data. Data for United States GDP released yesterday at 13:30 UTC is better than expected with 2.9, but worse than previous figure of 3.2.
Meanwhile, mixed performances are seen in other Softs as having closed the previous session at $20.68, Sugar is up 0.92% today to currently trade at around $20.87. Cotton slides down 0.67% to trade around $86.91.
Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released today at 15:00 UTC.
The Coffee future is up 10.62% from the significant low of $151.1 it hit 10 days ago.