november 1, 2022.

Arabica coffee futures for December delivery settled 310 points lower at 174.60 cents a pound. The activity was dominated by short term specs. Prices stalled after an early rally failed to attract solid buying. The rains in the main coffee areas for Brazil continue to normalize. October ended with accumulations near or above the  historical average with a couple exceptions. Heavy rains are forecasted for the next days across the eastern coffee areas. Arabica cert stocks in ICE authorized warehouses remained unchanged at 384,795 bags. Pending grading increased 20,152 bags for a total of 121,450 bags in Antwerp and 646 bags in Hamburg. Brazil's real hit a four-week high due to some optimism about political stability after the elections. The Colombian peso fell to new historic lows trading COP 5,011.50. Traders are focused on the expected hike of 75 basis points for the interest rate by the FED tomorrow.