CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 03. lipnja 1997. Differentials /svibanj/ ZADNJA Santos 4's 65 cts under "C" 199.20 N Colombian MAMs 40 cts over "C" 304.20 N El Salvador 3 cts over "C" 267.20 N Mexican even to "C" 264.20 N Guatemala 3 cts over "C" 267.20 N Peru even to "C" 264.20 N Uganda Pmy Robs 8 cts over London 105.52 N Indonesia EK1 4 cts under London 93.52 N Ecuador Ext Sup 25 cts under "C" 239.20 N NEW YORK - KAVA cijene pri zatvaranju burze 03. lipnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 265.00 252.50 268.50 249.00 263.00 264.20 2 SEP7 234.00 223.00 236.00 222.00 232.00 233.05 2 DEC7 197.00 187.50 197.95 187.50 197.00 197.05 1 MAR8 178.00 172.50 180.95 172.50 178.00 178.00 1 MAY8 168.00 167.00 171.00 167.00 172.00 172.05 1 JUL8 162.00 163.00 164.00 1 SEP8 155.00 155.00 155.50 1 DEC8 CSCE coffee ends up sharply after two-day sell-off NEW YORK, June 3 (Reuter) - CSCE coffee futures ended sharply higher in rollercoaster trading on Tuesday, in a technical correction to the market's recent massive sell-off, traders said. Since peaking at a 20-year high of 318.00 cents per lb on Thursday, the July contract tumbled nearly 70.00 cents the last two consecutive sessions. "It came down two days hard," said Stephen Smith, president of South Futures. "You could look at it as a golden opportunity to buy this market. "This is still a no coffee situation and there's no coffee coming in with all the Central Americans at the end of their crop cycle," he added. "We've got cold weather (in Brazil) in the background and who wants to be short?" In an extremely volatile session, the benchmark July contract erased early gains and slid nearly 5.00 cents per lb to the day's low of 249.00 cents this afternoon before a late-session round of commercial buying drove prices higher. July rallied back to finish at 264.20 cents, up 10.25 cents on the day. July reached a high of 268.50 cents. Second-month September rose 8.50 cents, to 233.05 cents, while the back months closed 8.10 higher to 2.00 lower. After a mixed opening, coffee prices ran-up in chart-driven trading, with upward momentum accelerating after speculators triggered a series of buy-stops at 262.00 and 264.00 cents in July. News that Brazil's coffee belt was not expected to see damaging cold weather this week-end may have dampened sentiment and sparked a bout of long liquidation, traders said. But the July contract's ability to hold above Monday's low of 247.50 was seen as technical buy signal, they said. "People were discounting the weather situation this morning and the market came under pressure," said Prudential Securities analyst Arthur Stevenson. "At the moment it is a chart-type market waiting for some new fundamentals." Stevenson said he expected the market to retest recent highs. Low inventory levels in consuming and producing countries should keep prices well supported, with any threat of frost in top-grower Brazil sparking a rally. After Tuesday's close, the CSCE said certified coffee stocks fell by 2,250 60-kg bags as of June 2, to 45,985 bags, There were 1,320 bags pending grading, the exchange said. Volume was fairly heavy, at an estimated 11,006 lots. 041042 MET jun 97