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Report: Certified Arabica Stocks Reach 24-Year Low
A report this week from Reuters said that the amount of arabica coffee at Intercontinental Exchange (ICE) certified warehouses recently fell to its lowest level in 24 years. The report notes that such low certified stocks typically indicate that market prices of physical stocks of green coffee are actually higher than futures contract prices through the ICE commodities market (a.k.a. the “C price”). As of this writing, the base price for ICE arabica futures was $1.654 per pound for December contracts.
The Wombat has Rule 5 Sunday: One Last Glimpse Of Bikini up at The Other McCain.
Last one looks likely to be an AI "photo."
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