N.J. DOUEK
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FEBRUARY 16,2023.

2/16/2023

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The Arabica coffee futures market recovered partially losses from the previous session on Thursday, lifted by spec short covering as recent selloffs found no follow-through. The most active contract for May delivery closed 325 points higher at 180.25 cents a pound. The volume reached 37,873 lots, including 11,564 switches.  
The nearby structure, March-May, was very volatile, trading within a wide range between -20 to +225. Industry buying ahead of the first notice day boosted prices, which found little resistance amid weak origin selling. The market seemed to be disconnected from LATAM currencies. The Colombian peso fell near to COP 5,000 due to uncertainty about the proposed government reforms. Brazil's real came under pressure finishing with little changed. Certified Arabica stocks fell 4,310 bags to 840,604 bags. Pending grading remains at 0.  
 
Robusta MAY23 contract settled at $2072 +23 with a 2077/2049 range. Market seems to have found equilibrium with flat price happy to oscillate between 2020/2080. With commercial activity light and origin happy to sell rallies, volumes aren’t anything to get excited about, only 6k lots of May23 trading. Mar/May traded 1.9k lots between -5/1. May23 1750 put traded500x @ 5. 
 
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Website: www.njdouek.com E-mail: info@njdouek.com
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  • 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
  • Useful Info
  • Accueil
  • 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