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ICE Coffee Futures Bounce on Speculative Buying FC Stone

11/4/2015

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The ICE Arabica Coffee Market in New York recuperated today aided by strong valuation of the main producing
countries’ currencies. The December delivery contract gained 145 points, settling at 120.25 cents per pound.
Volume increased to 31,999 lots, helped by the rollover. The December-March switch settled at -3.30, without
much change. Prices were pressured upon market opening, following the rainfall report published by SOMAR,
the  Brazilian  Meteorology  Agency;  however  upon  lack  of  follow  through  below  yesterday’s  low,  speculators began covering their positions. The Brazilian real recovered today, gaining over 2.5% or 1,000 points during the session. A wave of mergers and acquisitions supported the currency. The Colombian Peso also strengthened 3.3%,  following  the  central  bank’s  decision  to  increase  the  discount  rate  0.50  on  Friday  night.  The  market anticipated an increase of 0.25.
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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