Coffee Futures Closed Lower
Arabica coffee futures Dec24 contract had the first negative settle of the week on Friday after a volatile weekly range of 19.3 cents a low at 242.10 and a high at 261.40. The Dec24 contract has 7 sessions before FND and now shows an OI of 53,296. The Mar25 contract shows an OI of 84,007 and closed out the week 11 cents higher in reference to last Friday but lower -7.05 cents on the day at 253.10. The switch Dec24/Mar25 traded to a new low today at +0.10 with a range of 0.10/0.70 and a settle at 0.25. Today the Dec24 options expired.
An important topic for next week will be Cecafé’s scheduled release of Brazil’s October export figures on Monday (11). Initial data from the Foreign Trade Secretariat (Secex) suggest that Brazil exported 4.6 million bags in October, marking a 12% rise compared to October 2023.
COT
Certified stocks today added 22,237 pending grading bags coming out of Brazil and going mostly to oner stopper in Houston. Total bags certified slightly decreased today to a total of 852,638 bags.
Robusta certified stocks remained decreased 7 lots now at 3,857, there were no tenders for the Nov24 delivery period today with the total still at 1,846. The Nov24 OI still shows holds one more day at 1,230 lots and the main contract Jan25 settled -110 at 4376 after finding resistance versus the 20-day moving average.
At the time of writing this:
USDBRL 5.7528 +1.06%
USDCOP 4,333.83 +0.83%
Miami London Brazil
305-925-4847 +44-203-580-6099 +55-11-3509-5426
ICE Arabica
Volume:
124,170
ICE Robusta
Volume:
10,663
Brazil Arabica
Volume:
784
Arabica-Brazil Arbitrage
Arabica-Robusta Arbitrage
Arabica Switches
Robusta Switches
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