CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 30. srpnja 1997. Differentials /spot/ ZADNJA Santos 4's 12 cts under "C" 173.75 N Colombian MAMs 23 cts over "C" 208.75 N El Salvador 11 cts over "C" 196.75 N Mexican even to "C" 185.75 N Guatemala 13 cts over "C" 198.75 N Peru 16 cts over "C" 201.75 N Uganda Pmy Robs 8 cts over London 83.75 N Indonesia EK1 4 cts under London 71.75 N Ecuador Ext Sup 18 cts under "C" 167.75 N NEW YORK - KAVA cijene pri zatvaranju burze 30. srpnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE SEP7 185.00 191.25 198.00 185.00 185.00 185.75 1 DEC7 161.00 168.00 171.00 161.00 161.00 161.35 1 MAR8 150.00 154.50 155.25 150.00 150.00 150.00 1 MAY8 144.00 146.00 148.50 144.00 143.00 143.50 1 JUL8 141.00 139.00 141.00 141.00 141.00 141.05 1 SEP8 134.00 134.00 135.00 1 DEC8 133.00 131.00 134.00 133.00 133.00 133.05 1 MAR9 CSCE coffee ends mostly lower, early rally fizzles NEW YORK, July 30 (Reuter) - CSCE coffee futures shed steep early gains to finish lower in volatile trading on Wednesday, pressured by a last minute rush of speculative liquidation, market sources said. Prices headed higher from the opening bell as speculators came in buying amid extended forecasts calling for colder weather in Brazil and continued concerns about tight prompt supply, traders said. The spot September contract rallied to 198.00 cents per lb -- its highest level in more than six weeks -- but origin price-fixing and trade selling of the September/December switch capped gains and stemmed upward momentum, dealers said. "I think Brazil was licking its chops when the market approached $2," said Allendale Commodities analyst Jim Cordier. "I think we've seen the top in coffee," he added, "it was classic." Traders said downward momentum accelerated after September slipped through 192.50 cents per lb, touching off commission house sell-stops. September futures finished at 185.75 cents, down 3.15 cents and just off the day's low of 185.00 cents. Second-month December fell 4.70 cents, to 161.35 cents, while the back months closed down 2.25 to up 3.05. The September/December switch widened to 24.40 cents compared with 22.85 cents at the close on Tuesday. Despite a flat pre-opening call, September arabicas gapped more than 2.00 cents higher at the outset. Traders said long-term Brazilian weather outlooks predicting colder temperatures in the coffee belt during the weekend of August 9 set a bullish tone. U.S. weather forecaster Cropcast said long-range guidance models showed Brazil's coffee belt could see colder temperatures late next week, with a 15 percent chance of frost. Another U.S. forecaster Weather Services Corp also said the longer-term outlook suggests cold temperatures during the weekend of August 9. But it said at this time it would rate any chance of damaging cold at less than 10 percent. But Brazil's independent meteorologist Somar said that while a cold front is forecast to reach southern Brazil, it was not likely to reach coffee areas and it was too early to predict frost. "It's 11 days away," said one trader. "It brought some uncertainty to the market, but I'm not sure it was a good reason to buy. "I think today's activity shows people were not committed to the long side for the long haul," he added. "Whoever bought the market on Monday said, 'Thank you very much, I'll take my money now." Since last Friday, September coffee prices had risen about seven percent. In the last two weeks, September had surged nearly 17 percent. Despite the market's recent run-up, dealer noted total open interest remained thin. Open interest was down 42 lots as of July 29, to 21,750 lots. "The entire rally was on low open interest," said Cordier. "It was just short-covering and it's not the type of rally you want because once the shorts are covered, that's it." Technically, traders pegged September support at 184.50 cents, with a break below that level leading to a test of 180.00 cents. Strong resistance was seen at 200.00 cents. After Wednesday's close the CSCE reported certified coffee stocks rose by 875 60-kg bags as of July 29, to 92,649 bags. An additional 4,504 bags were pending grading, the exchange said. Volume on the day was moderate, at an estimated 8,191 lots. 310957 MET jul 97