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

december 19, 2022.

12/19/2022

0 Comments

 
Arabica coffee futures for March delivery closed 10 points lower at 164.30 cents a pound on Monday. The activity was very light reflecting the coming holidays. Volume reached 23,052 lots including 5,182 switches. Without news, the session was driven mainly by technical factors. Short term participants played both sides of the market keeping prices in a consolidation pattern. The dollar declined as other currencies attracted investors that anticipate the FED has limited room for fight inflation with interest rate hikes. LATAM currencies edged higher providing support to the commodities. Arabica certs increased by 11,602 bags to 765,583 bags. Pending grading declined 11,146 to 299,142 bags. Grading on Monday 15,626 bags, Passed 11,602, failed 4,024.  
 
Robusta MAR23 contract settled at $1858 -8 with a 1876/1856 range. Very slow day on flat price with no clear direction just chopping within the recent range. Origin remain scale up sellers in decent volume ahead of the early Tet holiday. Volumes were ok with 9.3k lots of flat price trading. JAN/MAR continues to pull the most interest with further strength. 70/88 range settling at +87 on 3.7k lots, no change to the narrative, stocks drawing down, early Tet and most of the origin selling falling on the MAR23. Plenty of oi on the JAN/MAR CSO’s due to roll off Wednesday. Mar23 1800/1675 put spread vs 1866Δ22 traded 1000x @ 28, Mar23 2000 calls vs 1861Δ23 traded 1000x @ 23. 
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