CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 13. kolovoza 1997.
Differentials /spot/ ZADNJA
Santos 4's 14 cts under "C" 168.10 N
Colombian MAMs 28 cts over "C" 211.10 N
El Salvador 11 cts over "C" 194.10 N
Mexican 5 ct over "C" 188.10 N
Guatemala 11 cts over "C" 194.10 N
Peru 13 cts over "C" 196.10 N
Uganda Pmy Robs 8 cts over London 76.49 N
Indonesia EK1 4 cts under London 64.49 N
Ecuador Ext Sup 18 cts under "C" 165.10 N
NEW YORK - KAVA cijene pri zatvaranju burze 13. kolovoza 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
SEP7 182.00 186.60 188.50 177.50 182.00 183.10 1
DEC7 165.00 166.50 168.50 163.00 165.00 165.50 1
MAR8 149.00 149.00 150.50 146.00 149.00 149.30 1
MAY8 144.50 144.50 145.00 140.00 144.00 144.30 1
JUL8 140.00 139.00 140.00 137.40 140.00 140.00 1
SEP8 136.00 134.00 136.00 136.00 136.00 136.00 1
DEC8 130.00 129.00 130.00 130.00 132.00 132.00 1
MAR9
CSCE coffee ends mixed after early sell-off
NEW YORK, Aug 13 (Reuter) - CSCE coffee futures ended mixed
on Wednesday, after an early downslide ran into mixed
short-covering and light roaster price-fixing, traders said.
A morning rush of commission house selling sent the
benchmark September contract tumbling to a session low of 177.50
cents per lb, its lowest level in 2-1/2 weeks. By the close,
September stood at 183.10 cents, down 5.10 cents.
Second-month December fell 3.00 cents, to 165.50 cents,
while the back months closed down 0.65 to up 1.60 cents.
Continued selling of the nearby September/December switch
also kept the market under pressure, traders said.
September/December narrowed to 17.60 cents compared with 19.70
cents at the close on Tuesday.
Coffee prices fell from the outset, defying an unchanged to
1.00 cent higher pre-opening call. Dealers said the selling
appeared to be particially chart-driven, with September slipping
through chart support at 182.50 cents and activating sell orders
near 180.00.
Traders said ongoing, unsubstantiated talk that European
trade houses may be shipping coffee to the U.S. for exchange
certification has helped ease supply worries and dampened
buyers' enthusiasm.
Additionally, industry sources expect the Green Coffee
Association of New York's monthly stock report to show a modest
build in U.S. green coffee inventories during July. Most early
estimates look for an increase of 50,000 to 100,000 60-kg bags
compared with June stock levels.
Last month, GCA reported U.S. coffee stocks rose by 139,000
bags in June, to 2,116,000 bags. In July of 1996, stokpiles
decreased by 252,000 bags, to 1,909,000 bags.
In the last three sessions, spot September coffee has fallen
22.75 cents -- or about 11 percent -- amid easing concerns about
near-term supply tightness and weak physical demand.
Some traders said that while sentiment had turned bearish,
the market may be due for a technical correction.
"The market is entitled to a bounce, it's been down more
than 20 cents," said one trader. "But it still doesn't look
healthy."
Traders continued to note low total open interest and it's
effect on market volatility. As of August 12, total open
interest stood at 20,879 lots, down 331 lots from the previous
session.
"There is a limited pool of players and it exaggerates the
market's movement," said one dealer.
After Wednesday's close, the CSCE reported certified coffee
stocks fell by 606 60-kg bags as of August 12, to 92,959 bags.
There were an additional 5,853 bags of coffee pending grading,
the exchange said.
Volume on the day reached an estimated 7,159 lots.
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