CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 23. lipnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1916.00 N Ivory Maincrop Maincrop 1879.00 N Bahia superior Superior 1884.00 N Sanchez FAQ FAQ 1759.00 N Sulwaesi SAQ FAQ 1715.00 N Arriba Superior Superior 1773.00 N Malaysia 110 1813.00 N Liquor Ecuador 2414.00 N Liquor Brazil 2651.00 N Maslac African 4653.00 N Maslac drugi 4658.00 N Natural Cake 10/12% 667.00 N NEW YORK - Kakao cijene pri zatvaranju burze 23. lipnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 1663 1566 1663 1566 1660 1663 SEP7 1695 1620 1699 1616 1693 1696 DEC7 1735 1660 1737 1658 1733 1735 MAR8 1760 1690 1760 1690 1760 1760 MAY8 1770 1705 1770 1725 1779 1779 JUL8 1763 1722 1765 1744 1799 1799 SEP8 1818 1750 1818 1815 1818 1818 DEC8 1815 1785 1815 1785 1831 1831 MAR9 1837 1806 1839 1800 1860 1860 Fund buying propels CSCE cocoa to new 8-year high NEW YORK, June 23 (Reuter) - CSCE cocoa futures rocketed to new eight-year highs on Monday, as commodity funds bought heavy amid bullish technical indicators and a supportive long-term fundamental outlook, dealers said. "It penetrated long-term technical resistance areas," said Dean Witter analyst Corey Bell. "I have not seen any new fundamental developments, but the market is underpinned by recent reports of reduced crops next year. "Also adding fuel to the rally is the idea of a deficit this year and concerns that stocks could be drawn next year," he added. "Everything looks positive." Benchmark September shot-up to a new life-of-contract high of $1,699 a tonne shortly ahead of the close, before finishing at $1,696, up a hefty $83 -- or about five percent -- on the day. Spot July soared $97, to close at a fresh contract high of $1,663, the highest nearby level on the continuous weekly charts since 1989. The back months -- which also set lifetime highs -- rose $72 to $80. Cocoa prices rose at the outset, bolstered by commercial buying in the back months. Upward momentum accelerated after the September contract broke through chart resistance at $1,640, and then its previous contract high of $1,655, triggering a wave of speculative buying, traders said. "New contract high brought in new spec buying," said one trader. "It's a snowball thing. They are fearful they may miss an opportunity." A smaller-than-expected increase in net speculative long positions as of June 17 buoyed sentiment, they said. The CFTC Commitment of Traders report, released late Friday, showed speculators (non-commercials and nonreportables) were net long some 25,000 lots, which was below most traders' expectations of a 30,000-lot speculative net long position. Weakness in the U.S. dollar against the British pound also gave the New York market a boost today, as arbitrage bought cheaper dollar-denominated CSCE cocoa, traders said. 241018 MET jun 97