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Morgan Stanley Coffee Report - Dec 17, 2020

12/17/2020

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Arabica posted an unchanged performance (126.60) on the lowest volume of the year in both spreads and futures.  However, outright implied volume, while below average, was larger than Dec 8, Dec 9, and just below Dec 3 reviewing this month alone – the day was not meaningless.  Prices gapped higher on the opening as the Dollar fell on a somewhat dovish Fed report, yet selling started building by 5am.  Each successive wave of recovery was met by more selling and KC ended up one of the weakest commodity performers on the day.  Certs declined 4056 bags to 1,371,566 bags, led by 3736 bags of Hondurans in Antwerp, while pendings rose 8100 bags to 70,310 & no coffee was graded.  HK weakened a tick to -1.90 while HH was unchanged at -7.40.  Robusta, the beneficiary of late buying, gained $9 to close 1387.
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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