CIJENE ŠEĆERA NA BURZI U NEW YORKU

CIJENE ŠEĆERA NA BURZI U NEW YORK-U NEW YORK - Šećer br.11 cijene pri zatvaranju burze 04. studenoga 1997. POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBA MAR8 12.29 12.37 12.43 12.26 12.28 12.29 MAY8 12.19 12.26 12.30 12.17 12.18 12.20 JUL8 11.90 11.99 12.03 11.90 11.90 11.90 OCT8 11.77 11.84 11.88 11.77 11.77 11.78 MAR9 11.70 11.68 11.71 11.68 11.62 11.63 MAY9 11.67 11.62 11.67 11.65 11.57 11.58 JUL9 11.65 11.60 11.65 11.62 11.55 11.56 OCT9 11.39 11.39 CSCE world sugar ends lower in consolidation NEW YORK, Nov 4 (Reuters) - CSCE world sugar prices ended weaker and near the day's lows Tuesday in a minor consolidation of the market's recent rally. Bellwether March futures bore the brunt of the losses, sliding 0.14 to 12.29 cents a lb, finishing just off the low of 12.26 cents. Second-position May ended 0.11 cent lower at 12.20 cents, while the distant positions fell between 0.11 and 0.14 cent. Market participants said trade selling on both an outright and a spread basis was to blame for today's downturn. Light speculative liquidation was also noted as the March contract neared the previous day's floor of 12.28 cents, but trade buying provided a cushion at the lows. Industry participants, wary of a potentially steep correction to the recent run-up, sold more aggressively at the highs today, sources said. They noted that commodity funds, the main force behind raw sugar's surge to new contract highs, had curtailed their buying in the past two sessions. "Speculative buying thinned out today," said one trader. "It didn't seem to have the same push it has had in the past few days." Raw sugar prices climbed last week to their highest level in 16 months, bolstered by concerns about the Russian beet crop and an increasingly bullish technical outlook. While the overall outlook remanied strong, dealers said the market would need to continue to set new contract highs to avert a technical correction. "If the specs don't seek to add any more longs here, we could see some liquidation," the traded added, noting a sharp rise in open interest on the nearby March contract. March open interest soared to nearly 120,000 lots through Monday's close, rising 31,000 lots in a single week. The day's volume totaled an estimated 25,317 lots. 051020 MET nov 97