N.J. Douek - Uniglobe Coffee
  • Home
  • Our Coffees
    • Montreal 'Spot' Offerings
    • New York 'Spot' Offerings
  • Our History
  • About N J Douek
    • About Uniglobe Coffee
    • Some of our services
    • Meet some of our team
    • Our Cupping Room/Offices
  • Coffee Commentaries
  • Price charts
  • Contact Us
  • Accueil
  • Useful Info
  • Notre histoire
  • Nos cafés
    • Nos cafés à Montréal
    • Nos cafés à New York
  • À propos de N J Douek
    • Certains de nos Services
    • Rencontrez notre equipe
  • Notre labo
  • Nouvelles
  • Nous contacter
  • Informations Utiles
  • Chartes de prix

Morgan Stanley Coffee Report - October 3'18

10/3/2018

0 Comments

 
Arabica posted a wild ride, settling 105 points lower at 106.60 just above the Dec based UBB.  Prices predictably rallied on system short covering early, shaking off good clips of Brazil hedging.  With buy signals flashing, & the BRL accelerating gains on its way from 3.87 to 3.82 over the opening hour, KC was able to rally to 110.80 through a wall of origin selling.  However, as the BRL weakened from 10:30am EDT onwards towards 3.90, and correlated markets like sugar, cocoa, and especially robusta slipped into negative territory, spec buying proved unable to keep pace with the flood of origin & trade house profit taking.  To cap off a disappointing performance, MOC selling inundated the KC at the end of the day all but assuring the negative close.  Robusta, 1588, -16, also fell on the day as spec selling pressured prices lower and roasters were unwilling to accommodate the full brunt of the flow.  Most surprising to many was the weakness in XF specifically, as the front month spread fell to a $2 premium.  The market dynamics are fluid as the crop approaches, and nearby price action will require continued monitoring.   
0 Comments



Leave a Reply.

    Author

    Write something about yourself. No need to be fancy, just an overview.

    Archives

    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016

    Categories

    All

    RSS Feed

Website: www.njdouek.com E-MAIL: info@njdouek.com
TEL: 514-845-9173 FREE:1-877-745-9173 FAX:514-845-8110 
  • Home
  • Our Coffees
    • Montreal 'Spot' Offerings
    • New York 'Spot' Offerings
  • Our History
  • About N J Douek
    • About Uniglobe Coffee
    • Some of our services
    • Meet some of our team
    • Our Cupping Room/Offices
  • Coffee Commentaries
  • Price charts
  • Contact Us
  • Accueil
  • Useful Info
  • Notre histoire
  • Nos cafés
    • Nos cafés à Montréal
    • Nos cafés à New York
  • À propos de N J Douek
    • Certains de nos Services
    • Rencontrez notre equipe
  • Notre labo
  • Nouvelles
  • Nous contacter
  • Informations Utiles
  • Chartes de prix