RFA Finca El CascajalLocated in the very lush mountains of the Chiquimula departamento of Eastern Guatemala, Finca El Cascajal is profoundly committed to the preservation of the ecosystem of their area. Their agreements with FUNDAECO help ensure the preservation of the abundant flora and fauna. Please visit www.fincaelcascajal.com for much more info on the finca and their efforts. The cup is especially bright and sweet, with a balanced acidity and body.
0 Comments
Commentary from Int'l FC Stone for November 13Arabica coffee futures plunged today as
speculative and commercial selling pressured the prices. The nearby contract for December delivery lost 705 points or 4.61%, the lowest level since June 2010. The fall got more momentum as the prices broke the recent lows and appeared to test new lows. The action disappointed long players after yesterday’s bounce had fueled some bullish ideas, and they were anticipating a continuation in today’s session. However the sentiment ended as prices collapsed. The reduction of the open interest evidenced the short covering. The open interest declined 1,502 lots as of yesterday, to 142,539 lots. The volume was boosted by switches. The nearby December switch finished at 5.20 cents after trading 16,204 structures. In London, the Robusta market closed down following the New York action. Volume had been an increasing issue for Robusta over the last few sessions with daily turnover numbers steadily wilting, even as the market picked itself up off of the lows. The fact that volume was not increasing in-line with the strength should have been a warning sign for those willing to join the upside swing. And so it came to pass: the market’s inability to breach the intermediate moving averages yesterday coupled with fresh macro doubts on Europe saw a steady mix of liquidation and fund selling slowly erode what light industry and trade bids that were in existence under the market. As the buying started to thin so New York came under pressure, creating an almost ‘perfect storm’ for the new short sellers, who were by now becoming very active. All over again the board started to look very comfortable in weakness as momentum shifted into another gear for the close. Sell stops added to the pressure in the final minutes ensuring a breach of the $1900 mark and a settlement on the lows. |
|