N.J. DOUEK
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Morgan Stanley Coffee Report

4/28/2016

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Coffee started out admirably following yesterday’s collapse, aided in part by a commodity complex that was nearly universally higher.  In a familiar pattern, New York traders arrived to little more than a penny range, though trading in earnest began a bit before the usual 8am EDT hour.  Despite a BRL that continues to climb vs the greenback, gaining 1.15% at the time of writing, and a COP up 2% today and 16.71% from the Feb lows, KC continues to stumble, finding support today a hair above the lower Bollinger band.  Volume was not particularly interesting in the outrights, however spreads were active, particularly given that we are not in a roll period.  Z6/H7 alone traded 1000+ times, with other back months also finding significant interest.  The Fed decision yesterday was ultimately an ostensible non-event with respect to its impact on our market, and while the BoJ surprise announcement to hold steady may have been a stimulating factor in early trading, coffee has recently beat to its own drum.  With commercial and discretionary buyers both outwardly content to wait for sub120 levels, and a final print at unchanged (though settle well below), it will be interesting to see whether they get their chance heading in to month end.
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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