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

april 04,2023.

4/5/2023

0 Comments

 
The New York coffee futures market saw prices rally on Thursday supported by spec buying, which built on the previous session's action. With a lack of selling from producers, the prices to continue to rise easily. The benchmark contract for May delivery closed 345 points higher at 183.60 cents a pound. Volume was boosted by spread trading, with active May/July switch widening 80 points to 2.00 cents and attracting solid participation.  The dollar ended with little change ahead of the key US job data to be released tomorrow. Latin American currencies were mixed. Commodities in general advanced this week helped by firm crude oil prices. Certs stocks declined by 1,300 bags to 730,659 bags. Pending grading remains at 0.  
The Robusta terminal softens slightly as a layer of the arbitrage long was managed in front of the long weekend. However, on a technical standpoint the move higher is still intact and spot structure carries heavy premium as commercial short rolling was uncovered sub $40 premium. Early gains next week will be crucial to keep this bull run intact as any sign of dwindling/ stealing momentum will trigger a prompt reversal in the nearby systematic based longs.  ​
0 Comments



Leave a Reply.

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