N.J. DOUEK
  • 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

Morgan Stanley Coffee Report - Sept. 8, 2020

9/8/2020

0 Comments

 
Arabica bounced back from early session lows and woes to settle 132.10, -1.90, though  the final print was 131.60 leaving tomorrow’s start in a hole.  Volume was hefty by all measures, appropriate given the 720 point range.  Futures opened the day on the back foot and embarked on a descent with scarcely any arrest before 8:15am EDT.  Newly inflamed tensions between the US and China played a key if indirect role as risk came off and the Dollar rose.  Commodities as a basket fell, though by end of day Ags and Precious Metals were back in positive territory.  The DXY gained .75%, and the BRL traded a 5.317 to 5.408 range at the time of writing, with a similar rounded bottom and recovery on the intraday chart.  While the mid-morning 680 point loss was mostly recovered, KC managed to hold trendline support and the 9DMA.  Option volumes were huge, totaling 17,883 as both the Z 160 C and Z 110 P were boosted above 1500x each via their inclusion in packages.  Cert fell 250 bags while pendings rose 1280 bags to 2929.  London traded a quiet day having done a fair bit of its selloff yesterday losing $16 to close 1411.  Certs were mixed with 590 tons passing grading (Conilon in Amsterdam, 430 of them Class 1), yet a 440 ton cert decline was posted.
0 Comments



Leave a Reply.

Website: www.njdouek.com E-mail: info@njdouek.com
TEL: 514-845-9173 FREE:1-877-745-9173 FAX:514-845-8110 
  • 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