N.J. DOUEK
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Morgan Stanley Coffee Report - May 8'18

5/8/2018

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New York suffered a third day of losses, settling at 119.60, relinquishing 1.15 points in value. Not coincidentally, the dollar rallied for a third day running, which did little to support coffee prices as traders awaited the U.S. President’s decision on whether the U.S. will pull out of nuclear accord with Iranian.  KC prices, which rallied 1065 points on the move from 115.30-125.95, an average of .92 pts a day over 11 days, have fallen 660 points or 62% over the past four sessions.  An analyses of open interest clearly reminds us that we are in a liquidating market. On the move from 115.30-125.95 between April 17 and May 2, open interest dropped by 21,733 lots, albeit with FND in the mix. Since the high, today not-withstanding,  o.i.,has dropped by 6,511 lots, of which 3,450 lots were on Monday’s action alone.  Simply put since mid-April KC has had commitment issues. 
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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