CIJENE KAKAA +GTR US
SAD - KAKAO Trgovačke spot cijene 13. veljače 1998.
minimalne količine u vagonima, cijene u am. dolarima po toni
posljednja
Ghana Maincrop 1754.00 N
Ivory Maincrop Maincrop 1707.00 N
Bahia superior Superior 1714.00 N
Sanchez FAQ FAQ 1599.00 N
Sulwaesi SAQ FAQ 1590.00 N
Arriba Superior Superior 1720.00 N
Malaysia 110 1604.00 N
Liquor Ecuador 2486.00 N
Liquor Brazil 2501.00 N
Maslac African 4007.00 N
Maslac drugi 4007.00 N
Natural Cake 10/12% 619.00 N
NEW YORK - Kakao cijene pri zatvaranju burze 13. veljače 1998.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
MAR8 1505 1490 1512 1490 1502 1505
MAY8 1548 1541 1551 1537 1546 1547
JUL8 1579 1570 1582 1567 1578 1579
SEP8 1612 1599 1612 1599 1607 1607
DEC8 1639 1634 1639 1634 1639 1639
MAR9 1671 1660 1671 1671 1668 1668
MAY9 1680 1686 1686
JUL9 1703 1703
SEP9 1717 1717
DEC9 1748 1748
CSCE cocoa ends higher on technical trade buying
NEW YORK, Feb 13 (Reuters) - CSCE cocoa futures ended
stronger Friday on a combination of technical buying and the
absence of any further long liquidation prior to Friday's first
notice day.
Bearing the pressure of liquidation and switches leading up
to Friday's first notice day in the last three weeks, the
selling dried up leaving room for a technical correction to the
upside, commission house brokers said.
The active May contract settled at $1,547 a tonne, up $20
from Thursday's close, while the March contract jumped $30 to
$1,505 at tonne. The rest of the board rose $20 to $21.
The March-May spread collapsed to $43 after rocketing over
the previous three sessions to a life of contract high of $52
Thursday.
"The speculative and trade longs did everything they needed
to do already," said one commission house broker. "By the time
first notice day rolled around, there wasn't anything left to be
done. That opened the way up for some buying."
The nearby March contract plummeted $182, or 11 percent, in
the last three weeks, as the longs rolled their positions or
liquidated.
"The buying seemed to be technical in nature," another
broker said. "The market looked oversold on a number of
indicators. So we retraced a little bit.
"We probably have another $30 to $40 to go on the upside,
before we're done," he added. "But the general trend is lower."
There was little fundamental news for the market to use
Friday. "Fundamentally, we're still looking at a strong crop in
West Africa," said a trader. "There's plenty of cocoa around. No
one's really worried. As long as that's the case, the longer
term trend is lower."
Technical resistance was pegged at $1,535 a tonne, which
corresponds to the 10-day moving average and a 38.2 percent
retracement of the downtrend that began with the January 27 high
of $1,647 a tonne.
On the downside, support was pegged at Thursday's low of
$1,465 a tonne.
161521 MET feb 98
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