A slow down? After three days of going up, ICE Coffee is flat today, hovering around $162.75.

Published: January 26 2023, 05:05 GMT+0

A slow down? After three days of going up, ICE Coffee is flat today, hovering around $162.75.

Coffee trades at $162.75 per pound, after ending yesterday at $162.45.

Uncertainty around Arabica Coffee is reflected by published market data as United States Crude Oil Inventories published yesterday at 15:30 UTC came out at 533,000, falling short of the 971,000 projections and continuing its decline from the previous 8.41 million figure. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Meanwhile, mixed performances are seen in other Softs as Cotton gained 0.54% and is currently trading at $87.13.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of 0.1%. New data is set to be published today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) is expected tomorrow at 13:30 UTC.

Arabica Coffee hit a significant low of $151.1 around 9 days ago, but has since recovered 7.51%.

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