CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAOA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 02. travnja 1997. minimalne količine vagona, cijene u am. dolarima po toni posljednja Ghana Maincrop 1722.00 N Ivory Maincrop Maincrop 1687.00 N Bahia superior Superior 1717.00 N Sanchez FAQ FAQ 1567.00 N Sulwaesi SAQ FAQ 1534.00 N Arriba Superior Superior 1567.00 N Malaysia 110 1602.00 N Liquor Ecuador 2281.00 N Liquor Brazil 2411.00 N Maslac African 4186.00 N Maslac drugi 4211.00 N Natural Cake 10/12% 592.00 N NEW YORK - Kakao cijene pri zatvaranju burze 02. travnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE MAY7 1502 1517 1532 1493 1500 1504 JUL7 1532 1553 1563 1525 1532 1537 SEP7 1553 1573 1580 1544 1553 1556 DEC7 1575 1590 1592 1575 1575 1578 MAR8 1615 1610 1615 1599 1600 1600 MAY8 1620 1615 1615 JUL8 1638 1630 1640 1638 1639 1639 SEP8 1670 1654 1654 DEC8 1678 1678 MAR9 CSCE cocoa ends weaker after setting new highs NEW YORK, April 2 (Reuter) - CSCE cocoa futures retreated from fresh contract highs set across-the-board to finish flat to lower in volatile trading on Wednesday, pressured by an afternoon round of speculative profit-taking, trading sources said. Speculative buying drove the most-active May to a new high of $1,532 a tonne earlier but light scale-up selling by the trade and origin hedging reversed momentum and sparked a late-session bout of profit-taking, they said. May delivery slipped $8 on the day, to close at $1,504, after ranging from $1,532 to $1,493. Second-month July fell $3, to $1,537, while the outer months ended unchanged to $1 weaker. Cocoa prices headed higher at the outset, as speculators followed through on Tuesday's explosive rally to over 2-1/2 year highs. Traders said May's break out of the pennant formation on Tuesday sparked further chart-inspired buying. Although May's first attempt to hit a new lifetime high was thwarted, traders said the spot contract's ability to hold support at $1,490 prompted another speculative-led rally. Despite today's weak close, traders said the market appeared poised to rack up further gains. "Technically, the picture looks so strong," one trader said. "There is a big spec long position and they are actually willing to defend it." He estimated the speculators (non-commercial plus non-reportable) had increased their net long position to some 30,000 lots. The latest CFTC Commitment of Traders data, which showed speculators were net long 24,763 lots as of March 25. "The market is going to continue to be volatile," another trader said. "The amount of specs in the market these days makes you more aware of the potential for specs to take this market over." Technically, traders pegged May resistance at $1,543, while support was seen at $1,490, then $1,475. Traders and analysts agreed there was little fundamental reason for the market's recent upswing. "All the news that has come out has been bearish," said Rich Wistisen, an analyst with Commodity Information in Orem, Utah. "The Ivory Coast crop is likely to be over 1.1 million (tonnes) and the grinds are not likely to be bullish." European first quarter cocoa grindings due in the next week or two could come in lower compared to 1996 first quarter data, analysts in Amsterdam said Wednesday. However, they added the figures may not accurately reflect consumption, which was steady to higher. Volume on the exchange reached an estimated 12,475 lots, down from Tuesday's official tally of 18,953 lots. 031033 MET apr 97