N.J. DOUEK
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Morgan Stanley Coffee Report - March 10, 2021

3/10/2021

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​Arabica rallied 45 points, closing 130.85, a minor extension of yesterday’s gains.   Volume was solid, though a step down from the past 5 days’ in outright terms, led in part by another heavy day of non-roll period spreading.  18,925 switches in total traded, with KN (-200) and NU (-185) both unchanged and KK extending its losses to -8.35, -.10.  The BRL was favorable, stronger early and turbocharged by another batch of central bank intervention as the BCB sold US$405 in a spot auction; the currency was around 2% firmer at the time of KC’s close and +2.75% stronger (5.64+) in late trading.  The dollar weakened as well and commodities were bid, all tailwinds as steady price atrophy from 8am through 11:00 was arrested above any sort of critical technical levels.  The market still was unable to settle back inside the uptrend channel for the fourth straight day with the 9dma capping any upside movement, while the 50dma remained safely below.  London was equally strong, gaining $10 to 1410.
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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
  • 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