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Morgan Stanley Coffee Report - Oct 27, 2020

10/27/2020

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Coffee gathered slight gains, closing 30 points higher at 106.95. Trading was choppy and while the VWAP on the day was roughly 90 points higher, a 15 minute long surge in futures from 9:15 to 9:30 boosted both the price and volume in what was otherwise a fairly subdued session.  Uncertainty is high a week before the US election. Another 21,439 bags were graded today with a pass fail of 12,774/8665, Certs increased  by 12,774 (1,141334),  pendings (50,172).  Robusta was the more dynamic market and drove the bulk of conversation.  Jan futures rose $38 to 1351, spending virtually the entire session above yesterday’s high.  Using the YTD range, Jan pierced the 38.2% Fibonacci retracement of 1333 in the process.  XF rallied $17 on first notice day, yet even with sizeable recent gradings and 2627 lots of OI, no tenders were noted.  F/H was also a gainer on the day, rallying $2 to -6.
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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