Having lost $4.7 over 6 days, Today is looking a bit better: Coffee trades at $176.6 per pound, after ending yesterday at $177.05.
United States Crude Oil Inventories is next today at 15:30 UTC.
Arabica Coffee's state is reflected by market data as United States API Weekly Crude Oil Stock came out at -2.18 million, while a consensus of analysts was expecting 2.15 million. United States 3-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.073, while the previous figure was 3.977. United States Trade Balance (Dec) released yesterday at 13:30 UTC with a figure of -67.4 billion, while the previous figure was -61 billion.
Meanwhile, mixed performances are seen in other Softs as Sugar rises 0.53% to trade around $20.95.
Furthermore, the market is looking at today at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 2.46 million from the preceding figure of 4.14 million. United States Initial Jobless Claims expected to decline to 190,000 while its preceding data was 183,000, data will be available tomorrow at 13:30 UTC.
Arabica Coffee hit a significant low of $151.1 around 22 days ago, but has since recovered 17.17%.