CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 09. srpnja 1997. Differentials /svibanj/ ZADNJA Santos 4's 10 cts under "C" 187.00 N Colombian MAMs 30 cts over "C" 227.00 N El Salvador 11 cts over "C" 208.00 N Mexican even to "C" 197.00 N Guatemala 11 cts over "C" 208.00 N Peru 17 cts over "C" 214.00 N Uganda Pmy Robs 8 cts over London 89.65 N Indonesia EK1 4 cts under London 77.65 N Ecuador Ext Sup 18 cts under "C" 179.00 N NEW YORK - KAVA cijene pri zatvaranju burze 09. srpnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 197.00 195.00 197.00 193.00 197.00 197.00 1 SEP7 177.50 171.50 178.50 171.50 176.25 177.05 1 DEC7 160.00 156.25 160.00 156.25 159.00 159.55 1 MAR8 149.50 148.50 150.00 148.00 149.50 149.50 1 MAY8 145.00 144.00 145.00 145.00 145.40 145.50 1 JUL8 144.50 140.00 144.50 144.00 144.00 144.05 1 SEP8 140.00 135.75 140.00 140.00 140.00 140.00 1 DEC8 140.00 141.00 141.00 140.00 138.90 139.00 1 CSCE coffee ends higher for second day in a row NEW YORK, July 9 (Reuter) - CSCE coffee futures posted strong gains for the second straight day on Wednesday, bolstered by continued speculative buying, traders said. Benchmark September arabicas rose 5.40 cents per lb on the day, to 177.05 cents, after ranging from 178.50 to 171.50. Spot July ended 5.50 cents higher, at 197.00 cents, while the outer months closed up 0.75 to 4.20 cents. The July/September switch widened to 19.95 cents compared with 19.85 cents at the close on Tuesday, while September/December stretched to 17.50 cents from 16.30 cents. Some traders said the buying was mainly chart-driven, with the market's technical outlook showing some improvement. "The market has come down quite a bit and has moved sideways recently," said Smith Barney analyst Walt Spilka. "Now, chart-wise, it looks like it stands a chance to move higher." Other traders said coffee futures continued to get some support from the USDA attache's crop estimate for top-producer Brazil made public on Tuesday. The attache report, dated May 9, put Brazil's 1997/98 harvest at 24 million 60-kg bags, down sharply from the USDA's official Brazil estimate of 28 million bags published in its 1997/98 world coffee production report in June. "The buying yesterday and today was all buying against the report," said one trader. "Four million bags is a big difference." After the close on Wednesday, the USDA said it had confidence in its 28-million bag estimate of Brazil's 1997/98 coffee harvest, and that a lower estimate by a U.S. agricultural attache did not take into account all factors influencing the crop. "We stand by our numbers and the integrity of our system," said Ed Cissel, director of production estimates and crop assessment for the USDA's Foreign Agricultural Service. Cissel added the attache reports were one of many pieces of information -- including the attache reports, weather, statistical trends and trees planted -- evaluated in preparing an official agency estimate. The Association of Coffee Producing Countries earlier Wednesday expressed concern about a four-million bag difference in a pair of recent crop estimates and sought an explaination from the USDA regarding the conflicting figures. Some market participants said the USDA's restatement of the 28 million-bag Brazil estimate could weigh on the market on Wednesday, while others downplayed its importance. "I think it is much ado about nothing," said Smith Barney's Spilka. "Nobody really knows what the size of these crops are. The bottom line is that there's no scientific way to look at it." Spilka cautioned, however, the recent upswing could be short-lived because of continued frost-free conditions in Brazil and a build-up in stocks certified for delivery against the exchange. After Wednesday's close, CSCE reported stocks rose by 6,425 60-kg bags as of July 8, to 61,792 bags. An additional 41,163 bags were pending exchange approval, CSCE said. Chartists said September's close above 175.00 cents was constructive. They said the active contract faced near-term resistance at 180.00-181.00 cents, followed by 184.50. On the downside, support was noted around 175.00-174.00. Turnover was fairly light, at an estimated 5,016 lots. 100914 MET jul 97