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Morgan Stanley Coffee Report

3/16/2017

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The ides of March left little to “beware” of, as KC traded all of a 180 point range, whilst London fell short of a cent trading in a $19 range.  Blame it on the fed for lack of any other excuse as markets in general were quiet ahead of the 2:00 p.m. FOMC rate decision. U.S. equities traded slightly higher while crude oil bounced from a November low, treasuries advanced and the dollar weakened slightly ahead of the much anticipated rate increase.  Volume in Arabica  at 12,135 and Robusta at 5,699 lots had the dubious distinction of being the lowest volume trading sessions of the year.    Prices stay within the mid and lower Bollinger bands for the past 10 trading sessions in a 790 point range.  Volatility naturally is under pressure, as traders wait with bated breath for something that’s got to give.
The fed raised rates by 25 basis points as was well expected and continued to project 2 more rate hikes this year adding that “near term risks to the economic outlook appear roughly balanced.”

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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