CIJENE KAKAA NA BURZI U NEW YORK-U
SAD - KAKAO Trgovačke spot cijene 12. kolovoza 1997.
minimalne količine u vagonima, cijene u am. dolarima po toni
posljednja
Ghana Maincrop 1712.00 N
Ivory Maincrop Maincrop 1679.00 N
Bahia superior Superior 1692.00 N
Sanchez FAQ FAQ 1557.00 N
Sulwaesi SAQ FAQ 1519.00 N
Arriba Superior Superior 1575.00 N
Malaysia 110 1607.00 N
Liquor Ecuador 2263.00 N
Liquor Brazil 2328.00 N
Maslac African 4073.00 N
Maslac drugi 4063.00 N
Natural Cake 10/12% 582.00 N
NEW YORK - Kakao cijene pri zatvaranju burze 12. kolovoza 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
SEP7 1493 1493 1523 1488 1491 1492
DEC7 1518 1533 1543 1512 1514 1515
MAR8 1544 1566 1572 1544 1544 1544
MAY8 1572 1585 1587 1568 1562 1562
JUL8 1590 1604 1607 1590 1582 1582
SEP8 1603 1603
DEC8 1618 1618
MAR9 1646 1665 1672 1646 1646 1646
MAY9 1661 1661
JUL9 1678 1678
CSCE cocoa ends lower, switches remain active
NEW YORK, Aug 12 (Reuter) - CSCE cocoa futures ended lower
and towards the bottom of the day's range on Tuesday, pressured
by an afternoon round of trade selling, dealers said.
They said much of the day's activity centered on the nearby
September/December switch as traders focused on adjusting
positions ahead of September's first notice day on August 18.
Dealers said switches accounted for a large portion of the
session's estimated turnover of 16,357 lots.
"The switch was the main feature," said one dealer. "About
half of the volume was spread activity. They were rolling short
Septs forward."
Active December fell $21 a tonne on the day, to $1,515,
after ranging from $1,543 to $1,512. Spot September ended $4
weaker, at $1,492, while the back months slumped $26 to $31.
September/December ended at $23 compared with $40 at the
close on Monday.
Some traders said the latest forecast for the Ivory Coast
1997/98 main-crop weighed on sentiment. An unnamed industry
analyst said on Tuesday that the Ivorian main-crop could reach
up to 1.1 million tonnes depending on the weather over the next
four to five weeks.
The crop analyst said the forecast, based on pod counts
including developing fruits, showed a 1997/98 main crop similar
or slightly above 1996/97 levels, which he put at 1.01 million
tonnes by April 29, 1996 -- the end of the main crop.
"It's a fairly big number and some people were surprised the
analyst was calling for that big of a crop," said one trader. "I
think it was influential and caused some of the mid-to-late day
sell-off."
Dealers expect market participants to continue to
concentrate on September rollover or liquidation. With less than
a week to go before entering delivery period, September open
interest stood at 15,433 lots on Monday, down 1,273 lots from
the previous session.
"There still going to be a lot of focus on September," said
a trader. "The recent low look bad technically, but there's not
that many longs left."
On the charts, traders said December faced some support at
$1,510, followed by $1,500. On the upside, resistance was seen
near $1,526-$1,528.
131025 MET aug 97
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