N.J. DOUEK
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january 11, 2022.

1/11/2023

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Arabica coffee futures extended the plunge Wednesday as heavy liquidation and speculative selling flowed in the market. The most active contract for March delivery settled 700 points lower at 143.90 cents a pound. A weak technical picture contributed to attract the speculative participation. A favorable weather in Brazil has supported the expectative for the 2023 production. A private estimate published today by Bloomberg expects Brazil’s coffee output my rise this year to 65m from 56m a year earlier, boosted by improved weather conditions. The volume reached 83,435 contracts including 23,423 switches. Certified stocks increased 7,630 bags to 850,401 bags. Those pending certification are at 170,024 bags. Grading today: 18,031 bags 7,630 passed and 10,401 failed. Market will close Monday January 16 on observance of Martin Luther King Jr. Day.  
 
Robusta MAR23 contract settled at $1811 -29 with a 1855/1788 range. A drift lower on moderate volume. Robusta mirrored lower as NY experienced further fund selling. Commercial activity was noted on the buy side. Mar23 held a key support level at 1787 allowing for a small recovery into the closing bell. MAR/MAY remains  
in backwardation with a daily range of 26/32.
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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
  • 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