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

Coffee Commentary by BGC

1/6/2016

0 Comments

 
Good  morning  all.  After  Mondays  spanking,  Tuesday  observed  steadier  global  equity  markets  finding  support  after  a  more  composed  Chinese Market underpinned sentiment (Bloomberg ran a good note on this: http://www.bloomberg.com/news/articles/2016-01-05/china-said-to-intervene-in-stock-market-after-590-billion-rout).  Commodity  focus  was  diverged  with  crude  dunking  its  head  under  water  once  again  leading  the  way  for  a broader commodities sell off, compared to its peers coffee faired moderately well. Arbitrage players visible clashed throughout the afternoon in a day that saw 3 cents of travel on the most  arb pairs, ultimately arb buyers had to compete with Vietnamese induced selling  on the Robusta Mar16
contract – hinting that both non-commercial and commercial gross shorts extend into the doom and gloom price action. Commercial interest was noted as the march contract knocked on the 1500  handle. Commercials reported Vietnams trading at +10-20 for nearby shipment in moderate volumes as business ahead of Vietnamese  New  Year celebrations is concluded. Tet will take place from the 8 th  to the 13 th  of February, which effectively sees business and operations winding into the week ending the 5 th .  
 
Conab are expected to release their first 2016-17 crop forecast on the 20 th  of January. Weather reports generally look for an improvement in levels of rain in Brazil’s main coffee producing regions over rest of this week. World weather inc note scattered showers and thunderstorms impacting Bahia and a few immediate neighbouring areas through Friday of this week while coffee production areas to the south experience a net drying bias. MDA Weather services follow a similar note citing “Showers this wk in Sao Paulo, Parana will maintain plenty of moisture for cherry growth while rain in Bahia will reduce dryness concerns”. Further relief is anticipated into this weekend and early next  week; these reports against the backdrop of weaker switches and Vietnamese selling have done little in the way of helping the market shrug off the broader commodities weakness. 

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