october 11, 2022.

Arabica coffee futures on the ICE New York exchange ended Tuesday slightly higher on a slow session. An initial buying boosted the prices above the highs of the previous session, however after failing to attract solid buying, prices gave back the gains. The benchmark contract for December delivery closed 40 points higher at 217.85 cents a pound. The weakness of Latin American currencies added some pressure on the coffee market. The Brazilian real fell 0.5% to BRL 5.2280 and the Colombian peso fell 0.3% to COP 4,632, near the historically low levels. Fears of a recession hit Latin American equity and currency markets. Hurricane Julia mainly affected Nicaragua, although sources reported damage in the northern region of Guatemala, especially flooding and damage to infrastructure. So far, no damage to coffee plantations has been reported. Certified stocks drop 320 bags to 416,339 bags. Pending grading 3,436. Classified 640 sacks, passed 640.  
 
Robusta NOV22 contract settled at $2156 -2 with a 2182/2148 range. Another very quiet day, with flat price struggling to gain any kind of traction. A small rally up the highs off the back of Arabica testing key technical resistance was the most excitement saw during the session. Volumes of Sub 5k lots on NOV22, mostly positions being rolled into Jan23. Likely with the OI release tomorrow we will see JAN23 become the ‘’most’’ liquid contract holding a small majority of the OI. NOV22/JAN23 kept a tight range of +4/+8. JAN23 1950 p traded LIVE 500X @ 20.