CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 06. studenoga 1997. Differentials /spot/ ZADNJA Santos 4's 8 cts under "C" 138.00 N Colombian MAMs 12 cts over "C" 158.00 N El Salvador 8 cts over "C" 154.00 N Mexican even to "C" 146.00 N Guatemala 8 cts over "C" 154.00 N Peru 5 cts over "C" 151.00 N Uganda Pmy Robs 7 cts over London 76.26 N Indonesia EK1 2 cts under London 67.26 N Ecuador Ext Sup 18 cts under "C" 128.00 N NEW YORK - KAVA cijene pri zatvaranju burze 06. studenoga 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 146.50 152.00 153.25 145.00 145.80 146.00 1 MAR8 139.25 142.00 143.00 138.50 139.25 139.15 1 MAY8 136.00 139.25 139.25 136.00 136.00 136.00 1 JUL8 133.00 136.50 136.50 132.75 133.20 133.25 1 SEP8 131.00 133.75 133.00 130.25 130.45 130.50 1 DEC8 128.50 132.00 132.00 128.25 127.50 127.75 1 MAR9 130.00 126.00 126.05 1 MAY9 CSCE coffee ends sharply lower, December off 5 pct NEW YORK, Nov 6 (Reuters) - CSCE coffee futures retreated from Wednesday's sharp rally and tumbled on Thursday, battered by a combination of trade selling and speculative profit-taking, dealers said. December arabicas fell 7.25 cents a lb -- or nearly five percent on the day -- to 146.00 cents, towards the bottom of its 153.25-145.00 range. Second-month March ended 4.65 cents lower at 139.15 cents, while the rest of the board lost 3.75 to 4.45 cents. The December/March switch shrunk to 6.85 cents compared with 9.45 cents at the close on Wednesday. Coffee prices headed lower from the outset Thursday, as sentiment was dampened by the London robusta market's failure to meet sharply higher pre-opening expectations, traders said. Local buying in an attempt to find buy-stops in December near 153.50 cents briefly pushed the spot contract to unchanged, but overhead origin selling capped gains and prompted locals to liquidate their long positions. Downward momentum accelerated after the December contract slid through 150-148 cents support, triggering sell-stops, traders said. While much of the sell-off was inspired by technicals, some traders said export data released by the International Coffee Organization (ICO) on Thursday may have set a bearish tone. ICO said its members exported 80.16 million 60-kg bags of coffee in the 1996/97 (Oct/Sept) coffee year, up from 74.72 million a year earlier. "There were more than six million more bags exported in 96/97 than the previous year and they went into consumer hands and filled the pipeline," said Merrill Lynch analyst Judith Ganes. "Yesterday's run-up was nonsense. You had all these seemingly bullish factors thrown at the market and it was built on a house of cards." While exchange stockpiles remained low relative to December open interest, some dealers said the prospect of newly harvest coffee coming up for certification against the board helped to temper tight supply fears. "There's so much coffee being offered now against December," said one physical coffee trader. "A lot of producers want to catch that (Dec/March) premium." He added, "What's different today from yesterday? It was not able to hold the rally. Roasters are not going to follow this market up." Traders said options-related activity during the last two sessions ahead of December options expiry on Friday aggravated the market's swings. "It made things more volatile," said a trader. "But I don't expect much tomorrow. A lot of times the market will gravitate to the strike price that has the most open interest -- so I guess you can look at 150 or 140, but I think it'll stay around 145." Technically, traders said December support was seen at 144.00 cents, followed by 140.00 cents. Resistance was pegged at 148.00 cents, they said. After Thursday's close, CSCE reported exchanged-certified stocks fell by 1,720 60-kg bags as of November 5, to 24,518 bags. No coffee was pending grading, the exchange said. Volume was moderate, at an estimated 7,388 lots. 071128 MET nov 97