august 25, 2022.

​Arabica coffee futures for December delivery settled 50 points higher at 239.50 cents a pound. Spec selling after the market posted new fresh highs caused prices to retreat. Volume was moderate with 35,695 contracts traded, including 8,165 switches. The active December -March switch lost 45 points ending at 6.40 cents after remarkable move during the previous session. The weather in Brazil continued to raise concerns amid participants as forecasts for a dry weather pattern for the next ten days could affect the development of the crop during the bloom period. Also, a cold front will drop the temperatures to below single digits during the first half of next week. Despite the frost threat is very low, these forecasts should be followed very closely during the next days in case any change. A cloud covering the coffee belt, will help to keep temperatures above freezing. Certified stocks declined by 3,703 bags to 660,077. Pending grading: 151,863 bags. Grading today: 27,220 bags. Passed 22,835, failed 4,385. No delivery notices were issued last night for the September position. Total so far: 25.  
 
Robusta NOV22 contract settled at $2312 -36 with a 2348/2302 range. Market opened on the high with many expecting a follow through from yesterday’s punchy price action, this was not the case. Follow through buying was not seen even with Arabica printing new highs. Volume was half that of yesterday’s session with 8k on NOV22. Commercial selling was noted today. NOV/JAN was choppy but light volume trading 2k between 17/25, spreads down the board remain firm and relatively unchanged on the day. 1200x 2200 puts were rolled from Jan to Mar at $29. No CSO’s traded today.