CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 23. rujna 1997.
Differentials /spot/ ZADNJA
Santos 4's 10 cts under "C" 158.85 N
Colombian MAMs 23 cts over "C" 191.85 N
El Salvador 11 cts over "C" 179.85 N
Mexican 5 cts over "C" 173.85 N
Guatemala 11 cts over "C" 179.85 N
Peru 15 cts over "C" 183.85 N
Uganda Pmy Robs 8 cts over London 77.17 N
Indonesia EK1 4 cts under London 65.17 N
Ecuador Ext Sup 18 cts under "C" 150.85 N
NEW YORK - KAVA cijene pri zatvaranju burze 23. rujna 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC7 169.25 170.25 173.00 165.50 168.25 168.85 1
MAR8 157.00 157.00 159.50 154.00 156.50 156.90 1
MAY8 150.50 152.00 152.00 148.50 151.25 151.50 1
JUL8 145.00 145.00 146.00 145.00 145.50 146.00 1
SEP8 139.00 140.00 140.50 1
DEC8 136.00 133.00 136.00 132.40 134.50 135.00 1
MAR9
CSCE coffee ends mixed after early sell-off
NEW YORK, Sept 23 (Reuter) - CSCE coffee futures ended mixed
on Tuesday, with nearby contracts finishing weaker but well off
session lows, dealers said.
They said local and commission house selling drove
most-active December arabicas to a low of 165.50 cents per lb,
but roaster price-fixing stemmed the downslide and prevented a
breach of key chart support at 165.00 cents, prompting locals to
cover their short positions.
"They tried to break the market but it found some support,"
said one trader. "People got panicky and they covered."
December coffee fell 1.50 cents on the day, to 168.85 cents,
after ranging from 173.00 to 165.50 cents. Second-month March
ended 0.90 cent weaker, at 156.90 cents, while the forward
contracts finished down 0.25 to up 1.25 cents.
The December/March switch narrowed to 11.65 cents compared
with 12.55 cents at the close on Monday.
Some traders said an increase in CSCE certified stocks on
Monday may have dampened sentiment and kept the nearby switch
under pressure. After Monday's close, CSCE reported that
certified coffee stocks rose by 6,001 60-kg bags as of September
19, to 107,325 bags. An additional 750 bags were pending
grading.
They also said forecasts calling for more rainfall this week
in top-grower Brazil added to the bearish tone.
"Brazil has had good rain for this time of year and more is
forecast," said a trader. "A big flowering in Brazil will keep a
lid on this market."
Private U.S. forecaster Weather Services Corp said in its
daily update on Tuesday that Brazil's coffee belt was expected
to see increasing clouds Wednesday, with scattered showers and
thunderstorms developing.
WSC said episodes of scattered showers and thunderstorms are
forecast Thursday into Friday, with rainfall totals of 0.25 to
1.00 inch (5-25 mm) expected.
"Recent rain and forecast rain will set off the major
flowering period of the trees in the coming weeks under
generally favorable conditions," WSC said in its daily update on
Tuesday.
Traders said a decision by the Association of Coffee
Producing Countries to extend current quotas of 52.75 million
60-kg bags to June 1999 had little impact on today's market.
"The ACPC news is not a surprise," said one trader. "And it
really doesn't matter that much because they have no mechanism
to enforce it."
Technically, traders said December would continue to face
support at 165.00 cents, with the next downside target at
160.00-159.00 cents. Resistance was seen near today's high of
173.00 cents.
241044 MET sep 97
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