juLY 14TH, 2022.

The Arabica coffee market suffered a abruptly fall on Thursday as heavy selloff spread in the commodity markets. Energy prices continue to decline as investor are concerned with the demand deterioration in case the economies enter in a deep recession. Global equities were trading lower, and the dollar continue to  strengthen. The FED will have to consider a big interest rate hike in late July. The most active coffee contract for September lost 1205 points to settled at 195.30 cents a pound. Volume reached 60,441 contracts, including 17,158 switches. The drop accelerates as prices went through the 200.00 key support level, triggering technical selling. Commercial activity remained light. Certs stocks declined 8,993 bags to 750,702 bags.  
Pending grading: 0.  
Sea of red in commodities as the dollar continues to rally, Robusta was no exception. After breaking the recent low of $1937 this uncovered small stops which caused the market to post a new low of $1924, levels not seen since August 2021. Settlement on SEP22 was $1930 -51, modest in comparison to other sessions but only 9.7k lots changed hands on the most active contract. SEP22/NOV22 settled at -5 having traded 3.7k lots. Options were extremely quiet with only a few tiny clips trading. With Arabica closing below the big psychological level of 200.00 this will certainly kick the specs into sell mode which in turn will drag Robusta lower