N.J. DOUEK
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INTL FCStone Daily Coffee Report

5/1/2017

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Arabica coffee futures rallied Friday on fund buying after good support was noted against the recent lows. The most active contract for July delivery settled 390 points higher at 133.40 cents. Book squaring and profit-taking ahead of the end of the month encouraged the speculative short covering, after the market showed support at the 128.75 level. The oversold condition of the market helped the spec’s action. Since April 20th, when prices broke the 138 level, the open interest expended by more than 11,000 lots, evidencing the new short players added under this level.  Today’s rally was also fueled by stop orders above 131 level. The real was highly volatile today among concerns generated by a general strike that semi-paralyze Brazil. The real traded between USD3.2141 and 3.1728, trading with little change USDBRL3.1825 at 2:00 pm EST. During the week, Arabica prices traded in small range, ending with little gains. With no fundamentals, the market was driven by technical and macro-economic factors.  Depreciation of the real added put some pressure on the coffee prices.
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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