New York's May contract gained even 6.75 cents to 261.70 cents/lb in dealings from 254.15 to 262.25 cents. The rest of the board finished between 5.25 to 9.10 cents higher. Total estimated futures volume dropped sharply to 30,186 lots, down from 43,759 the previous session.
Robusta futures in London also recorded strong gains, in line with New York's arabica market, as positive Chinese trade data and inflationary fears boosted interest in commodity markets. The front-month March contract gained $23 to settle at $2,239 per tonne, close to the intraday's high of $2,240. May settled at $2,283 per tonne, up $28 in dealings from $2,247 to $2,284. The back months finished between $21 to $30 up. Total estimated futures volume dropped dramatically to 14,817 lots from 22,566 previously.
Vietnam Coffee-Prices at all-time high, farmers hold back sales-UPDATE 2
Robusta prices in Vietnam's domestic coffee market jumped to a record of 41.3 million dong ($1,976) a tonne on Tuesday, tracking gains in London futures, prompting some farmers to hold back on sales, traders said.
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coffee trading forecast closed market 15 february 2011
Arabica futures in New York set a fresh 13-1/2-year high near the 260 cents/lb level on thin supplies. Growing demand for coffee in emerging markets such as Brazil has sparked worries of supply shortfalls. Read More...
Corn Advances as Adverse Weather Threatens Crops; Soybeans Gain
May-delivery corn climbed 0.5 percent to $7.1025 a bushel on the Chicago Board of Trade at 10:38 a.m. Singapore time. The price yesterday advanced to $7.21 a bushel, the highest level for the most-active contract since July 2008, before ending 1.5 percent lower. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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