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Morgan Stanley Coffee Report - August 11, 2020

8/12/2020

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Arabica continued is descent, falling 170 points to 113.60.  Day 3 of the index roll saw a notable uptick in volume driven in large part by the spreads where U/Z traded in 45 points to -2.25.  Certs fell another 20,145 bags for an August to date total 177,569, yet so far the market has dismissed the outflows as being a key driver.  While traders have been disciplined waiting for price to come back around the expected re-calibrated lower end of a would be range, size paper interest (2k+) in  the Z 150 C was taken by the market as a sign of potential upside bets starting to filter in.  A note of caution was the MACD cross lower and debates over the destiny of Brazilian semi-washed that overhangs everything.  Robusta fell $20 to 1337, trading a lower low, lower high, negative close.  U/X continues to climb, gaining $12 to settle +46 (+49 high).  First notice day remains 2 weeks distant, leaving plenty of time for that trade to reach its ultimate resolution.
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  • Home
  • Our Coffees
    • Montreal 'Spot' Offerings
    • New York 'Spot' Offerings
  • 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
  • Accueil
  • Useful Info
  • Nos cafés
    • Nos cafés à Montréal
    • Nos cafés à New York
  • 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