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By Maytaal Angel and Gustavo Palencia LONDON/TEGUCIGALPA, Honduras (Reuters) -Arabica coffee from Brazil usually rated lower grade has arrived in big volumes on the world's main...
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ShortDude ShortDude (Reuters) - Coffee graders working for the Intercontinental Exchange (ICE) rejected 41% of the arabica coffee lots sent to the exchange's warehouses to be certified for delivery against futures contracts in a new grading round, ICE said on Tuesday.
Graders evaluated 11,051 bags of a total volume of 27,834 bags that was pending grading, passing 6,475 bags while rejecting 4,576 bags.
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Strange, report for Wednesday, 11.1k bags accepted, 2.7k rejected. Proportions a little different.
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No comments? :)
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The story of low ICE stocks continues to play out. MGom claims the coffee ships are already flowing, but the market seems to have a different opinion.
It does not accept old coffee withdrawn from ICE warehouses, but one that has been lying around for a while and only now has made its way to ICE, such accepts.
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Traceable?
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either we run up from here or from somewhere around 173, both possible, lets see
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spec found just reached its goal, just broke one big trader, now it should come to 150 and break another big trader