CIJENE ŠEĆERA NA BURZI U NEW YORKU

CIJENE ŠEĆERA NA BURZI U NEW YORK-U NEW YORK - Šećer br.11 cijene pri zatvaranju burze 05. lipnja 1997. POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBA JUL7 11.40 11.44 11.46 11.33 11.39 11.41 OCT7 11.19 11.16 11.25 11.15 11.19 11.21 MAR8 11.10 11.07 11.14 11.06 11.10 11.10 MAY8 11.00 11.00 11.04 11.00 11.00 11.00 JUL8 10.94 10.90 10.96 10.92 10.92 10.93 OCT8 10.80 10.84 10.85 MAR9 10.79 10.79 10.81 10.79 10.78 10.79 MAY9 CSCE world sugar ends down as trade and specs sell NEW YORK, June 5 (Reuter) - CSCE world sugar futures closed weaker as the trade and speculators sold amid a lack of interest by the funds, traders said. Producer buying held prices just under Wednesday's low, where the market may be trying to form a zone of support, analysts said. The benchmark July contract slid to a low of 11.33 cents, just under Wednesday's low of 11.34 cents a lb. October eased to 11.15 cents versus Wednesday's low of 11.16 cents. The July contract ended down 0.10 cent at 11.41 cents, traded 11.46 cents to 11.33 cents. October settled 0.11 lower at 11.21 cents, while the rest went out 0.11 to 0.05 cent weaker. Market sources expect prices to hold their current range on Friday but edge lower early next week as the speculators liquidate long positions. CFTC's Commitments of Traders Report due for release after Friday's close is expected to show an extremely heavy speculative net long position, said traders, citing a rise in liquidity amid rising prices. Indeed, July gained 2,672 lots to 79,884 lots as of early Wednesday. An additional 2,660 lots were posted in October, bringing the total to 59,449 lots in the second month. "The funds are too long, and that is what the trade is counting on" Peter Perez, a sugar broker with Merrill Lynch said. The July options expiry on June 15, and the expiry of the July futures contract on June 30, could prompt some additional selling, dealers said. "The specs tend to stay with July positions until the last few days of the month so we expect the rolling to pick up momentum in the next two weeks," a floor source said. Support was seen from 11.20 to 11.00 cents for July delivery. An estimated 17,114 lots changed hands on the day, down from Wednesday's official 33,066 lots. Analysts are encouraged by the longer-term fundamental outlook as the supply and demand balance tips in favor of the bulls. Last week, the U.S. Department of Agriculture raised global demand by about 2 percent while keeping output steady, for the 1997/98 season. 061105 MET jun 97