N.J. DOUEK
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january 23, 2023.

1/23/2023

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Arabica coffee futures settled with gains Monday supported by speculative buying. Constructive fundamentals and short covering caused the action. The contract with most of the activity for March delivery gained 375 points to close at 158.55 cents a pound. Latin America currencies firmed today as the dollar slides, adding support to the coffee prices. Higher commodity prices have helped the currencies in general as well. The real of Brazil rose 0.2% against the US dollar at BRL5.1880, while the Colombian peso was recovering 0.8 % , trading below COP 4,600 for the first time since October last year. Technically, the March position is approaching the resistance against the down trend at 162. Oscillators could be near overbought terrain soon. Certified stocks increased 7,222 bags to 858,847. Pending increased 62,049 to 125,209 bags. Grading today 21,786. Passed 8,437. Failed 13,349 bags.  
 
Robusta MAR23 contract settled at $1941 -3 with a 1935/1953 range. Robusta continues to test new 12-week highs approaching key technical resistance at the 100-day moving average at 1956 today. Volume was moderate trading 16,742 lots including 4785 switches. The Mar/May continues to hold the mid 30’s level seeing a range of 32/37 with a settle at 33. 
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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