CIJENE KAVE NA BURZI U NEW YORKU

CIJENE KAVE U NEW YORK-U SAD - KAVA trgovačke spot cijene 20. studenoga 1997. Differentials /spot/ ZADNJA Santos 4's 5 cts under "C" 157.20 N Colombian MAMs 16 cts over "C" 178.20 N El Salvador 7 cts over "C" 169.20 N Mexican 5 cts under "C" 157.20 N Guatemala 7 cts over "C" 169.20 N Peru 5 cts over "C" 167.20 N Uganda Pmy Robs 7 cts over London 79.80 N Indonesia EK1 2 cts under London 70.80 N Ecuador Ext Sup 18 cts under "C" 144.20 N NEW YORK - KAVA cijene pri zatvaranju burze 20. studenoga 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE DEC7 162.00 165.50 165.95 161.00 162.00 162.20 1 MAR8 152.50 155.80 157.25 151.00 152.50 152.80 1 MAY8 147.75 150.75 151.40 147.50 147.50 147.75 1 JUL8 144.50 146.00 146.15 144.00 142.50 142.75 1 SEP8 137.75 140.60 141.50 137.75 137.75 137.75 1 DEC8 134.00 137.75 138.00 134.00 134.00 134.50 1 MAR9 135.00 135.00 135.00 135.00 131.50 131.75 1 MAY9 CSCE coffee ends down sharply in a correction NEW YORK, Nov 20 (Reuters) - CSCE arabica coffee futures fell sharply on Thursday in a technical correction to the market's recent rally to two-month highs. "The market has been very, very firm here for quite some time and it was due for a setback," said Prudential Securities analyst Arthur Stevenson. "It was not because of any change in the fundamental landscape, it just seemed to me the market was ready for a breather." Most-active March slid 4.65 cents a lb, to finish at 152.80 cents, towards the bottom the day's 158.75-151.00 range. Spot December fell 3.75 cents to 162.20 cents, after ranging from 157.25 to 151.00. The back months lost 3.75 to 4.50 cents. Disappointed by the market's inability to make much headway above 158 cents and extend the recent uptrend, speculators moved to take profits from the outset on Thursday. Key support levels were breached at 155 and 152 cents basis March, hastening the downward momentum. Before today's downturn, March arabicas had climbed more than 20 cents, or 15 percent, since the beginning of November as short-term supply concerns mounted. "We are way, way up from where we were in the beginning of the month and people are putting money in their pockets," said Stevenson. "I think it is just a temporary setback. Stock levels are extremely low and I would think any move down would not be too severe because of that." Low stock levels of coffee certified for delivery against the exchange and weather-related delays in newly harvested coffee from Mexico and parts of Central America fueled supply worries. CSCE reported after Thursday's close that certified coffee stocks fell by 20 60-kg bags as of November 19, to 13,124 bags -- or the equivalent of about 52 lots. However, there were an additional 6,800 bags of coffee was pending grading, the exchange said. Dwindling exchange stockpiles have also bolstered the December/March switch, a barometer of near-term availability. On Thursday, December/March widened to 9.40 cents compared with 8.50 cents at the close on Wednesday. But with the prospect of an increase flow of coffee to the U.S. in the coming weeks looming over the market, traders said the market is more likely to settle in a sideways pattern than resume a steep upswing. "As the harvest progesses in Central America, Mexico and Latin america generally, clearly more coffee will be on the way to the U.S.," said Stevenson. "It's a function of seasonality." Technically, traders expected March to find support at 150 cents, with a major downside hurdle seen at Tuesday's low of 147.25 cents. On the upside, resistance was seen near today's high of 157.25 cents, followed by 159-160 cents and 163.50 cents. Turnover reached an estimated 6,362 lots. 211111 MET nov 97