The Certified washed Arabica coffee stocks held against the New York exchange were seen to increase by 9,864 bags yesterday, to register these stocks at 780,340 bags, with 95.39% of these certified stocks held in Europe, at a total of 744,358 bags and the remaining 4.61% being held in the USA at a total 35,982 Bags. Of this, a total 496,628 bags or 63.64% of the coffees registered and stored in consumer country certified warehouses of the exchange, are Brazil washed arabica, and a further 8.96% of these certified coffees, from Peru. The pending grading stocks posted a decrease of 2,302 bags on the day, to register 55,345 bags pending grading on the day.

The May 2025 to May 2025 contract arbitrage between the London and New York markets widened yesterday, to register this at 145.38 Usc/Lb. This equates to 37.36% price discount for the London robusta coffee.

It was a firmer day on the commodity markets yesterday, as the markets wait for details on the planned trade tariffs from the US, due to be announced later today. The Coffee, Cocoa, Corn, Soybean, Sugar and Wheat markets ended the day on a firmer note, while the Gold, Silver, Platinum and Palladium markets ended the day on a softer note. The day starts with the U.S. Dollar trading at 1.292 Sterling, at 1.079 to the Euro and with the US Dollar buying 5.682 Brazil Real.

The New York and London markets opened the day on a softer note, with the markets continuing to trade lower throughout the remainder of the early morning session in limited trade volume. The New York market found support during the late morning session. The London market followed to reverse the early trend and trade into positive territory, making gains throughout the late morning session. As the afternoon progressed, the New York market continued to trend in a firmer direction, where buyers returned to the floor in the absence of sellers, the day tracked higher quickly to trigger buy stops along the way. This firmer action continued in both the New York and London markets as the day progressed. The upward moment in New York was capped late in the day, to see the market settle on a firm note at the close with most of the earlier gains of the day intact. The London market followed suit to also settle on a firm note at the close, with most of the earlier gains of the day intact.

The London market ended the day on a positive note with 88.79% of the earlier gains of the day intact, while the New York market ended the day on a likewise positive note, with 79.50% of the earlier gains of the day intact. The firmer close for the markets, with both the New York and London markets trading in firmer territory to settle near to the highs of the day, albeit in a comparatively light volume day. With the speculative sector at the helm and technical moves in play, the markets might be in for a follow through steady start to early trade today, against the prices set yesterday, as follows:

LONDON ROBUSTA US$/MT                 NEW YORK USC/LB.

MAY      5372 + 103                                   MAY      389.05 + 9.30
JUL        5406 + 111                                   JUL        385.20 + 9.80
SEP        5374 + 111                                   SEP        380.35 + 10.00
NOV      5296 + 119                                   DEC       372.80 + 9.60
JAN       5165 + 136                                   MAR      364.90 + 9.55
MAR     5036 + 140                                   MAY      354.00 + 9.50
MAY     4905 + 142                                   JUL        339.60 + 9.40
JUL       4825 + 142                                   SEP        322.35 + 9.40