Morning Coffee Commentary from FC Stone for Monday Nov 26

·ICE  Arabica futures March contract opened 15 points lower  at 150.55 cents a pound
and is currently trading even lower at 148.50 cents,  after making a new low of
147.80.


·LIFFE  Robusta futures January contract opened 5 points  lower at $1,854 a ton and is
currently trading even lower at $1,840, after  making a new low of
$1,836.


·Support  from the robust opening of the US shopping season  has buoyed Asian stock
markets this morning.


·Colombia  will increase subsidies for coffee growers from 11  dollars per 125 kg load to
33 dollars, effective when the price drops below 357  dollars.


·Spain’s  cohesion will be an issue for implementing  austerity measures with Catalonia
voters electing separatist  parties.


·European  stock markets are mostly unchanged ahead of Euro  finance ministers meeting to
strike a deal on Greece’s next  loan..


·Israel  and Hamas are holding to their truce, and oil is  down on Monday.