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Morgan Stanley Coffee Report

7/20/2016

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Coffee again traded parallel to the CRB absent much influence from either origin or roaster, before finally and decisively moving lower in the last 100 minutes.  A higher high and higher low, yet negative close, was posted for the third time in less than 2 weeks as whatever small weather premium was built in yesterday midmorning seemed to wash out, ignoring fresh yet uninspiring reports of caution going into the coming weekend.  The day began with relatively surprising strength in opposition to recent indicators as coffee seemed content to join the dollar during its retreat from the lows, and crude’s climb off the intraday lows, rather than trade against the net change on the day.  Commodity based companies struggled in overseas equities markets, while the IMF lowered global growth forecasts for the balance of the year. With the majority of the flow coming from outside the core coffee contingent amidst spotty volume, and most of the industry sentiment leaning negative, it seems most are content to wait and see.
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  • Home
  • Our Coffees
    • Montreal 'Spot' Offerings
    • Montreal 'Spot' Offerings by Country
    • New York 'Spot' Offerings
    • New York 'Spot' Offerings by Country
  • 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 Montréal par Pays
    • Nos cafés à New York
    • Nos cafés à New York par Pays
  • 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