CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 12. studenoga 1997.
Differentials /spot/ ZADNJA
Santos 4's 7 cts under "C" 152.65 N
Colombian MAMs 10 cts over "C" 169.65 N
El Salvador 7 cts over "C" 166.65 N
Mexican 2 cts under "C" 157.65 N
Guatemala 7 cts over "C" 166.65 N
Peru 3 cts over "C" 162.65 N
Uganda Pmy Robs 7 cts over London 82.39 N
Indonesia EK1 2 cts under London 73.39 N
Ecuador Ext Sup 18 cts under "C" 141.65 N
NEW YORK - KAVA cijene pri zatvaranju burze 12. studenoga 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC7 159.75 158.00 161.40 157.00 159.50 159.65 1
MAR8 148.00 147.75 149.50 146.50 147.25 147.65 1
MAY8 143.00 144.25 144.75 142.75 142.90 143.00 1
JUL8 139.75 141.00 141.00 139.50 138.90 139.00 1
SEP8 136.50 138.00 138.00 136.00 135.40 135.50 1
DEC8 133.50 135.00 136.00 133.50 131.90 132.00 1
MAR9 131.50 133.00 131.50 131.50 129.90 130.00 1
MAY9
CSCE coffee ends higher on tightness concerns
NEW YORK, Nov 12 (Reuters) - CSCE arabica coffee futures
ended higher Wednesday on fund short-covering prompted by
weather concerns and a tightness of physical stocks, traders
said.
Early in the session, traders attributed support to
"left-over buying" in reaction to Hurricane Rick's effect on the
Mexican crop. In London, El Nino's effect on the Indonesian crop
provided support. The market absorbed a sharp decline in
certified stocks in the U.S., which was interpreted as bullish.
December coffee closed at 159.50 cents a lb, up 3.25 cents
from Tuesday's close and traded between 157.00 and 161.40 cents
a lb. March closed at 147.65 cents a lb, up 1.20 cents.
"Apparently, there's more concern over the dryness in
Indonesia as a result of El Nino," said Arthur Stevenson, an
analyst with Prudential Securities. "Adverse weather in Mexico
has also raised the possibility of a smaller crop there."
Tuesday's CSCE certified stock report showed a sharp decline
of 7,999 bags, to 14,302 bags, which Stevenson noted was "a tiny
amount" compared to the open interest in the December contract.
"As the December shorts look to cover, we'll obviously be
looking at a tight market as me move closer the December's
expiration," he said.
The December-March backwardation widened to 11.85 cents from
9.80 cents Tuesday.
Certified stocks on Wednesday declined a paltry three bags
to 14,299 bags.
Technically, the December contract broke out of the
142.20-158.75 cent range for the first time since October 17.
Traders said the market ran buy stops at 159 cents.
131044 MET nov 97
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