N.J. DOUEK
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november 22, 2022.

11/22/2022

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Arabica coffee futures closed higher today at the end of a quiet session. The benchmark contract for March delivery closed 430 points higher at 164.70 cents a pound. Speculators buying was buoyed by the technical performance as the upside was unobstructed without no sales from origins and funds for the time being. Equity and commodity markets were stable. Dollar down 0.5% and mixed Latin American currencies. The real fell 0.7% to BRL 5,3666, while the Colombian peso rose 0.6% to COP 4,904. Tomorrow the FED will release the minutes of the last policy meeting of Nov1-2, that will give hints of the pace of the interest rate hikes. Certified stocks rose by 16,916 bags to 530,105 bags. Pending grading: 543,512 bags. Graded today 21,231 bags. 16,916 passed, 4,315 failed.  
 
US markets will be closed Thursday in observance Thanksgiving Holiday. Robusta JAN23 contract settled at $1834 +22 with a 1839/1816 range. 2 days of short covering in Arabica is certainly bringing small buying / short covering into Robusta. Unlike Arabica however a lot of that buying is being absorbed by a layer of origin selling. JAN/MAR continues to remain firm closing on the daily highs at +30 with a 22/31 range on 3.3k lots. The JAN/MAR 0 put CSO traded 3500x @ 5.
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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
  • 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