Bullish Arabica Coffee runs out of steam at $167.05; currently at $165.25 per pound

Published: November 25 2022, 17:36 GMT+0

Bullish Arabica Coffee runs out of steam at $167.05; currently at $165.25 per pound

After closing the previous trading day at $162.75, Coffee went up to $167.05 only to drop back; still positive overall today, now trading at $165.25 per pound.

Rallies can also be seen in other Softs, Cocoa climbs 1.27% to trade around $2,475.

While the Coffee future is appreciating, other Softs are comparatively not doing so well — Cotton withdraws 2.03% to trade around $81.22. Sugar retreats 0.92% to trade around $19.37.

Having set a significant high of $258.7 8 days ago, ICE Coffee is trading 6.58% lower.

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