N.J. DOUEK
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septmeber 15h 2022

9/15/2022

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Arabica coffee futures for December delivery settled 155 points higher at 216.40 cents a pound. Activity continued light reflecting the little commercial participation. Volume reached 23,296 lots including 4,747 switches. The nearby December / March switch regained 55 points premium, ending at + 5.25 cents. Specs opted to cover short positions as the prices encountered support below the recent lows at 214 level. The dollar was steady near the recent peaks supported by expectative the FED will keep a tight policy in meeting next week. Latin American equity and currency markets declined as investors reduce risk of portfolios. The real  has been volatile ahead of the presidential elections in early October. Today lost 665 points to BRL 5.23. Arabica certs stocks declined 11,689 bags to 563,766. Pending grading: 3,120 bags. No grading today.  
 
Robusta NOV22 contract settled at $2226 -4 with a 2215/2258 range. London market had a slightly bigger range both to the upside and the downside. Volume almost double previous day with a total of 15,302 lots including 4,701 switches. Unable to build above the 8-day moving average today at 2250, market opted to make a minimum brake below yesterday’s low. No significant stops were found at today’s lows, we are closer to the range 2185/2205. Nov22/ Jan22 based structure settled at $12.  
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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
  • 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