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Morgan Stanley Coffee Report -December 7'17

12/7/2017

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KC succumbed to further fund selling pressure and settled at the second weakest level since we gapped lower and entered the 875 point (13350-12480) range 8 weeks ago. The high for the day was -10 points and intraday gyrations closely tracked the pattern of the BRL, which started the day on a firmer note but relinquished gains as the day progressed.  All but 3 of the 19 commodities in the CRB index settled in negative territory and coupled with coffee centric fund selling proved a weight too much for the market to bear.  A positive note can be found in prices trading 4 times against, and holding the 12585 uptrend line of “support” to the tick.  Post close the real recovered to the highs of the day however whether the currency will hold tomorrow, or coffee prices in light of their recent inelastic tracking record will pay attention might prove to be another matter.              
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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