CIJNE KAVE NA BURZI U NEW YORK-
SAD - KAVA Trgovačke spot cijene 07. studenoga 1996.
Differentials ZADNJA
Santos 4's 4 cts under "C" 123.35 N
Colombian MAMs 24 cts over "C" 151.35 N
El Salvador 8 cts over "C" 135.35 N
Mexican 7 cts over "C" 134.35 N
Guatemala 8 cts over "C" 135.35 N
Peru 6 cts over "C" 133.35 N
Uganda Pmy Robs 4 cts over London 73.85 N
Indonesia EK1 2 cts under London 67.85 N
Ecuador Ext Sup 8 cts under "C" 118.35 N
NEW YORK - KAVA cijene pri zatvaranju burze 07. studenoga 1996.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC6 126.90 125.05 128.25 123.80 126.80 127.35 1
MAR7 112.05 113.00 113.10 109.50 112.05 112.35 1
MAY7 108.00 108.50 109.00 106.30 108.00 108.00 1
JUL7 107.00 107.55 107.80 106.50 107.00 107.00 1
SEP7 106.60 106.00 106.60 105.50 105.00 105.50 1
DEC7 104.75 104.75 104.75 104.75 104.00 104.25 1
MAR8 102.00 104.00 104.50 1
CSCE coffee ends volatile session mainly higher
NEW YORK, Nov 7 (Reuter) - CSCE coffee futures ended
higher in volatile trade Thursday, led by a sharp advance in
the spot December contract amid ongoing concerns about
near-term supplies, traders said.
"There is just no coffee," said Victor Henriquez, an
analyst with Hencorp Becstone in Miami. "And we are entering
the high demand season."
December delivery rose 3.05 cents a lb on the day, to
finish at 127.35, its highest settlement since August 26,
after ranging from 128.25 to 123.80. Most-active March ended
0.95 higher, at 112.35, while the remaining months closed up
0.50 to down 0.50.
The December/March switch -- a key barometer of nearby
availability -- ballooned to 15.00 cents a lb, up sharply from
12.90 cents at the close on Wednesday.
Earlier this week, the CSCE reported its warehouse coffee
inventories fell to only 804 60-kg bags, the equivalent of
about three lots of coffee.
Meanwhile, the December's open interest rose 196 lots
Wednesday, to 10,061 lots with just over a week remaining
ahead of first notice day November 19.
Despite the supply situation, Henriquez said the market
may be close to a top. Since the beginning of November, the
December contract has risen 10.15 cents, or nearly nine
percent.
"I think we are are going to see a correction," said
Henriquez. "And I think it dangerous to be long over 130 (in
December.)"
Technically, traders said December would need to get
through 128.50, a high from August, to make a bid at 130. On
the downside, 125.00 should provide initial support, they
said.
Traders and analysts await the CFTC Commitment of Traders
report due after the close Friday.
"The specs and funds are probably long, I would guess over
10,000 contracts, which would be bearish," one trader said.
The day's volume was heavy, at an estimated 10,642 lots.
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