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ICE Coffee Futures Rally on Short Covering by FC Stone

9/15/2015

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Arabica  coffee  futures    rallied  Monday  on  speculative  short  covering.  The  most  active  contract  for
December delivery climbed 365 points to close at 120.20 cents a pound. A large non-commercial net
short position that have been accumulated during the recent weeks and lack of follow-through on the
latest price action, triggered the short covering. A recovery of the currencies added support to the
prices. The real bounced after the announcement of a USD$14.6 billion fiscal austerity package.   The
real traded a BRL3.8083, 620 points better at 4:00 pm EST. Markets in general  were quiet ahead of the
Federal Reserve decision on Thursday.

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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