CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 18. kolovoza 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1795.00 N Ivory Maincrop Maincrop 1753.00 N Bahia superior Superior 1763.00 N Sanchez FAQ FAQ 1625.00 N Sulwaesi SAQ FAQ 1690.00 N Arriba Superior Superior 1650.00 N Malaysia 110 1665.00 N Liquor Ecuador 2355.00 N Liquor Brazil 2433.00 N Maslac African 4241.00 N Maslac drugi 4231.00 N Natural Cake 10/12% 615.00 N NEW YORK - Kakao cijene pri zatvaranju burze 18. kolovoza 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE SEP7 1540 1495 1548 1495 1540 1543 DEC7 1558 1529 1569 1528 1558 1563 MAR8 1591 1563 1597 1558 1591 1591 MAY8 1604 1578 1606 1581 1604 1612 JUL8 1638 1600 1638 1626 1632 1632 SEP8 1625 1654 1654 DEC8 1665 1665 1645 1669 1669 MAR9 1694 1694 MAY9 1709 1709 JUL9 1724 1724 CSCE cocoa ends up sharply on speculative buying NEW YORK, Aug 18 (Reuter) - CSCE cocoa futures ended sharply higher on Monday, as speculators bought heavily on a combination of friendly technicals, disappointing September notices and the latest CFTC report, traders said. "There was no fresh fundamental news," said one trader. "Basically the rally was a reaction to first notice, the CFTC report and technicals. "Plus, origin selling is minimal," he added. Active December jumped $51 per tonne -- or more than three percent -- on the day, to $1,563, after ranging from $1,569 to $1,528. Spot September, which entered delivery period today, soared $57, to settle at $1,543, a one-month high on the continuous weekly chart. The back months finished up $39 to $44. Cocoa prices gapped higher at the opening on local short-covering after exchange data showed a total of only 10 delivery notices had been issued against September, traders said. "First notice day came and only 10 notices were issued," said a trader. "It was way below expectations of the market and heavy short-covering of September followed." The market was also given a boost by the latest CFTC Commitment of Traders report, which showed speculators (non-commercials and nonreportables) were net long 12,081 lots as of August 12. The decline in the speculative net long position was expected, but traders said the data showed the speculative position was small relative to total open interest and that speculators could build more long positions. "The CFTC showed there's more room for specs to get long in this market," said another trader. "They could take on another 20,000 lots net long." Technically, traders said upward momentum took off after December breezed through a double top on the charts at $1,532, and then $1,550, touching off buy-stops. "Once it broke $1,550, it was crazy," said the trader. "There was no selling around until it got above $1,560. It was all technical." In the backround, traders said continued talk that an El Nino weather pattern may adversely affect cocoa crops in southeastern Asia and may also impact West Africa harvests underpinned sentiment. Traders said the London market should come in 12-13 stg higher on Tuesday following New York's run-up. If London makes it due, they expected CSCE cocoa to rack up further gains. On the charts, traders said December faced resistance at $1,570, with the next level seen at $1,587-$1,590. On the downside, support was seen near $1,550, followed by $1,543. Volume reached an estimated 9,524 lots. 190950 MET aug 97