N.J. Douek Coffee - North-American Specialty Green Coffee Importer
  • 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

may 3,2023.

5/3/2023

0 Comments

 
Arabica coffee futures for July delivery closed 125 points lower at 185.50 per pound. The market was under pressure early in the session due to speculative selling following the fall of other commodity markets. The crude oil price fell more than 4.5%, with Brent dropping to $71.50 per barrel. Volume was moderate as participants awaited the FED's announcement of interest rates. Some concerns about the contraction of demand weighed on coffee prices. A significant increase in Honduras exports during April could be attributed to some delayed shipments. Exports during April reached 868,753 60-kg bags, or 48% higher than April 2022, which added 584,063 bags. Total export during this coffee year was 2,879,812 60-kg bags, or 2.5 times higher than the same period the previous season. Arabica certified stocks decreased by 7,819 bags to 663,976 bags. Pending grading remains at 0.
​
Robusta Jul23 contract settled at $2424 unchanged with a 2455/2404 range. London seemed to hold strong in the early part of the session considering Arabica was under pressure. A lot of the activity today was largely down to macro flows ahead of the FED interest rate decision + conference that will kick off at 19:00 GMT. Once flat price had tested the lows and the selling dried up, we observed a sharp rally as we held key technical levels. Commercial activity was few and far between, which is reflected in the poor intraday volumes. Sep23 2550/2900 call spread vs. 2403Δ24 traded 3000x @ 61, Jul23 2600/2200 fence (to the call) vs 2425Δ43 traded 500x @ 19.

 
0 Comments



Leave a Reply.

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