N.J. DOUEK
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october 3, 2022.

10/3/2022

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Arabica coffee futures closed lower on rain forecast for Brazil. The benchmark contract for December delivery settled 580 points lower at 215.75 cents a pound. According with MAXAR, light rains fell over the weekend, and more rains are expected later in the week. After a period of dryness, this wet pattern could recover the soil moisture necessary for a good development of the crop in the current flowering phase. Volume reached 40,168 contracts including 9,663 switches. The real climbed after Lula fell short of clinching the victory in yesterday’s presidential election. The real finished at BRL 5.1825 from BRL 5.4154 closed on Friday. Other Latin American currencies rallied on US stocks recovery and the dollar steadied. Cert stocks declined 8,874 bags to 417,306 bags. Pending grading remains at 640 bags. No grading today.  
 
Robusta NOV22 contract settled at $2173 +20 with a 2150/2181 range. Robusta certainly showed resilience in the face of Arabica losing nearly 6 cents on the day. Commercial activity remained subdued but speculative arb selling noted to be about. Not a great deal to highlight on today’s session, volumes remain low with 6.8k lots trading on NOV22 and just less than 3k NOV/JAN trading between 7/12. Options markets very quiet.  
 
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Website: www.njdouek.com E-mail: info@njdouek.com
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  • 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