Risk-off mood drags the Coffee future 1% lower

Published: May 26 2023, 23:41 GMT+0

Risk-off mood drags the Coffee future 1% lower

Today at a glance: Coffee ended today at $180.85 per pound following from closing yesterday at $182.7. Overall, this represents a loss of $1.85 or 1%.

4 months ago, ICE Coffee fell to a low of $151.1 but has since recovered 20.91%.

Coffee's value drop coincided with the fact that Cocoa is down to $3,000, losing $17, after ending the previous session around $3,017.

Positive performances can be seen by looking at other Softs markets as Sugar rallies 2.34% today and closed at $24.83. Cotton jumps 4.39% today and closed at $80.12.

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