US coffee futures edged up Wednesday, with follow-through speculative buying and limited origin sales extending the benchmark contract's 7-week high reached in the previous session, market sources said.
The New York Board of Trade's (NYBOT) active March arabica contract rose 0.80 cent to end at $1.07 per lb, the highest settlement for the benchmark delivery since November 11 when it ended at $1.1085. Among other arabicas futures, the May delivery advanced 0.80 cent to settle at $1.0910 and more distant months gained 0.80 to 0.90 cent.
Comments
Comments are closed.