N.J. Douek Coffee - North-American Specialty Green Coffee Importer
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MAY 2,2023.

5/2/2023

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​Arabica coffee futures saw prices recover moderately today with short covering providing the boost. The most active contract for July delivery settled 115 points higher at 186.75 cents a pound. Technical factors were the primary cause, as oversold conditions in the short term discouraged the speculators from further sales.  Origin selling have been relatively quiet as Brazil is heading towards the frost season.  As a reminder temperature in Brazil coffee areas are expected to cool down a little below 10 C. at the end of next week.  Equity and commodity markets were under pressure today on worries about a US default and prospects fuel demand can suffer if the central banks raise the interest rates this week. Brent oil prices fell more than 4.0 % to $75.30.  Arabica cert stocks declined 570 bags to 671,795 bags. Pending grading remain at 0.
The Robusta market endured a subdued session as levels bounced between macroeconomic negativity and ongoing reduction in roaster coverage.  Values opened marginally lower before dropping $10, led by a wave of speculative based selling responding to expectations of global rate rises prompting potential firming in the USD.  However, with a total absence of origin interest the earlier sellers reversed positions to force values into a $2415 to $2430 range basis July23, which remained intact pass the midsession. This lack of direction was awoken when the july23/Sep23 structure weakened to $18 premium, which naturally dragged flat price lower to establish an intraday low at $2391, but similar to the earlier action values failed to attract sellers’ sub $2400 and values bounce back into positive territory into the closing bell.
 
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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
    • Montreal 'Spot' Offerings by Country
    • New York 'Spot' Offerings
    • New York 'Spot' Offerings by Country
  • 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 Montréal par Pays
    • Nos cafés à New York
    • Nos cafés à New York par Pays
  • 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