N.J. DOUEK
  • 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

August 17th,2022.

8/17/2022

0 Comments

 
The Arabica coffee market for delivery in September closed 190 points lower at 217.45 cents per pound. With no further news, and with only four business days remaining before the start of the delivery period, dealers focused on squaring the books. Origin sales remained tight and may come under more pressure in coming  
sessions if prices weaken. The dollar traded slightly higher putting weight on Latin American currencies. Currency traders and investors preferred to stay a little on the side of the market while waiting for the minutes of the last FED meeting in July In the minutes, published in the afternoon, central bank officials said that the agreement to raise the rate by 75 basis points was unanimous, adding that the pace of the next ones will depend on future economic data, but suggesting that at some point it will be need to slow down the pace. Arabica certs stocks increased by 4,130 bags to 581,342 bags, Pending declined 12,300 bags to 226,129 bags. Grading today: 30,711; passed 27,520. Failed 3,191.  
 
Robusta NOV22 contract settled at $2224 -4 with a 2253/2214 range. Bit of a stalemate between buyers and sellers today, but if anything, a lower high and a lower low print may trigger some small technical selling. Decent volume going through on NOV22 12k lots, 4.6k SEP/NOV being rolled between -4/-9. JAN/MAR 40/0 fence CSO traded 3000x new position we saw this same strategy traded 5250x on the NOV/JAN so I would expect to see some more volume on that going forward. 
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
    • 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