N.J. DOUEK
  • 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

nOVEMBER 11, 2022.

11/11/2022

0 Comments

 
​Arabica futures ended the final session of the week, and on options expirations, without much fanfare. The active December contract finished the session down 90 points while back month deliveries settled the session slightly higher. Pressure is evident on the December contract as it approaches its Delivery Period on Monday November 21st, as long positions must be rolled out prior to the end of the previous session to avoid any unwanted deliveries. The December /March spread continues to come under pressure, and more so today, as pending stocks for Exchange Certification continue to rise at a quick pace. These are not new certifications but rather old de-certified coffees, coming back in the system. Present FOB differentials do not make new crop or past arrivals economically feasible for new certifications. This week alone “Pending Certified” have increased approximately 300,000 bags for a total of 456,000 pending grading. Volumes continues to stay strong, and we expect volumes to spike next week as traders get ready for the upcoming December First Notice Day. From Brazil, good rains continue to be reported as well as in the forecast for next week, and to note, because of these heavy rains, more and more reports of widespread hailstorms continue to be reported. 
0 Comments



Leave a Reply.

Website: www.njdouek.com E-mail: info@njdouek.com
TEL: 514-845-9173 FREE:1-877-745-9173 FAX:514-845-8110 
  • 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