August 18th ,2022.

Arabica coffee futures for December delivery settled 150 points higher at 213.35 cents a pound. Activity remained light. Speculative short covering was prompted after traders perceived support below the 210-price area, with the weekend and limited origin selling encouraging the action as well. The continuing strengthening  of the dollar weighed on the commodity prices during the week. The December contract lost 8.85 cents or 3.97% during the week. Certs stocks increased by 13,905 bags to 610,680 bags. Pending for grading increased 18,045 to 228,486 bags. Grading today: 20,198, passed 15,608, failed 4,590. The spreads traded in an ample range. The Sep/ Dec finished today at 2.5 cents as the buying eased. Last week, it traded up to 5.45 cents. Technical lost some momentum after the strong previous week performance. However, support against the lower band of the Bollinger and values near oversold conditions may attract fresh buying.  
 
 
COT (CIT) Non-commercials increase net long position by 2,792 to 18,849 net longs in week to August 16. Robusta NOV22 contract settled at $2218 -6 with a 2242/2218 range. Very slow day with NOV22 seeing an inside day range. Volumes low 6.7k lots traded on NOV22. The only real excitement came on the open where a large clip of SEP/NOV traded on a very thin order book causing the spread to trade to +15 eventually settling at level money, likely suspect was an algo getting stopped / bailing on a bad position. Couple of chunky CSO’s went through on NOV/JAN 1000x 40/80 cs traded @ 7 with another 1000x trading vs the 20 put.