CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 23. srpnja 1997. Differentials /spot/ ZADNJA Santos 4's 12 cts under "C" 169.65 N Colombian MAMs 25 cts over "C" 206.65 N El Salvador 11 cts over "C" 192.65 N Mexican even to "C" 181.65 N Guatemala 13 cts over "C" 194.65 N Peru 18 cts over "C" 199.65 N Uganda Pmy Robs 8 cts over London 78.76 N Indonesia EK1 4 cts under London 66.76 N Ecuador Ext Sup 18 cts under "C" 163.65 N NEW YORK - KAVA cijene pri zatvaranju burze 23. srpnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE SEP7 180.50 169.00 184.50 167.50 180.00 181.65 1 DEC7 158.00 151.25 161.00 150.50 157.50 158.15 1 MAR8 144.00 140.50 145.00 140.50 144.00 144.00 1 MAY8 138.00 136.00 138.50 136.00 139.00 139.50 1 JUL8 134.50 133.00 134.50 132.50 135.00 136.00 1 SEP8 130.50 129.00 130.50 130.50 131.00 132.00 1 DEC8 129.00 126.00 129.00 129.00 127.00 128.00 1 MAR9 CSCE nearby coffee surges for second day in a row NEW YORK, July 23 (Reuter) - CSCE coffee futures jumped sharply for the second day in a row on Wednesday, as speculators continued to buy heavily in anticipation of a shortage of exchange-certified coffee for delivery against the September contract, dealers said. Today's run-up was once again led by CSCE September, which rocketed 22.80 cents per lb -- or more than 14 percent -- in the last two sessions, as nearby supply concerns were rekindled. "They are worried about September deliveries," said Refco Inc analyst Ann Prendergast. "Near-term supply concerns are starting to re-emerge. "There are very low arabica stocks of Colombian milds and other milds, and that's where the shortage is as far as the New York exchange is concerned," she added. "There is a fear CSCE stocks will go down and that has a certain psychological impact." A late-session rush of buying on Wednesday drove September through key chart resistance at 178.00 cents per lb, triggering buy-stops and propelling the spot contract to an intraday peak of 184.50 cents, its highest level in three weeks. By the close, September stood at 181.65 cents, up 12.55 cents on the day. Second-position December rose 6.40 cents, to 158.15 cents, while the back months closed 1.75 to 4.25 higher. The September/December switch, a barometer of nearby availability, blew out to 23.50 cents compared with 17.35 cents at the close on Monday. With little certifiable coffee expected to make its way to the exchange ahead of the autumn harvest of many new-crop Latin American coffees, many market participants said a drawdown of certified stocks going into September delivery period was inevitable. "Stocks should be getting tighter and everyone knows it," said Smith Barney analyst Walt Spilka. "Stocks have been building up on a steady basis but by and large producers have finished shipping coffee. "There should not be much new-crop coffee until about November," he added. "As a result, we should see stocks of arabica coffee tighten up." However, CSCE reported after Wednesday's close that certified coffee inventories rose by 3,666 60-kg bags as of July 22, to 90,897 bags. An additional 5,609 bags were pending grading, the exchange said. Some dealers also cited rumors that U.S. investment bank Merrill Lynch would be publishing a "bullish" report tonight was behind the run-up. But Merrill Lynch coffee analyst Judith Ganes denied any report existed, saying the company's next bi-weekly report was slated for release next week and its next bi-monthly report was due out in August. Additionally, dealers said a lack of sellers exaggerated today's run-up, as did relatively thin volume and open interest. Total open interest as of July 22 rose by 352 lots, to 22,325 lots, but was still about half the level seen in late March 1997. Turnover on the day was moderate, at an estimated 7,936 lots. Technically, traders said September would face some resistance at today's high of 184.50 cents, with many market participants eyeing the 190.00-cent level. 241027 MET jul 97