CIJENE KAVE U NEW YORK-U
SAD - KAVA trgovačke spot cijene 23. lipnja 1997.
Differentials /svibanj/ ZADNJA
Santos 4's 15 cts under "C" 179.65 N
Colombian MAMs 35 cts over "C" 224.65 N
El Salvador 5 cts over "C" 199.65 N
Mexican even to "C" 194.65 N
Guatemala 5 cts over "C" 199.65 N
Peru 10 cts over to "C" 204.65 N
Uganda Pmy Robs 8 cts over London 90.78 N
Indonesia EK1 4 cts under London 78.78 N
Ecuador Ext Sup 18 cts under "C" 176.65 N
NEW YORK - KAVA cijene pri zatvaranju burze 23. lipnja 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
JUL7 194.00 199.00 206.00 190.00 194.00 194.65 1
SEP7 175.75 177.00 185.00 170.00 175.00 175.45 1
DEC7 153.50 157.25 161.00 149.50 153.50 154.15 1
MAR8 144.75 148.50 151.25 144.75 144.75 144.75 1
MAY8 140.50 145.50 146.00 140.50 140.25 140.65 1
JUL8 138.50 140.00 141.00 138.50 138.00 138.15 1
SEP8 136.50 140.25 140.25 136.25 136.00 136.15 1
CSCE coffee ends broadly lower in late sell-off
NEW YORK, June 23 (Reuter) - CSCE coffee futures ended
broadly lower in seesaw trading on Monday, pressured by a
late-session bout of commission house and trade selling,
dealers said.
Benchmark September arabicas fell 4.05 cents per lb on the
day, to 175.45, after ranging from 185.00 to 170.00. Spot July
finished 4.30 cents lower, at 194.65, while the outer months
closed down 5.10 to 6.00.
The July/September switch narrowed to 19.20 cents, from
19.45 cents at the close on Friday.
Coffee prices came under pressure this morning on
commission house selling but traders said September's
inability to mount a successful challenge of major chart
support at last week's low of 168.75 cents prompted locals to
cover their short positions.
September coffee also managed to rebuff a test of
resistance at 185.00 cents, they said, which sent prices back
into negative territory.
Low total open interest has exaggerated market volatility
in recent weeks, traders said. As of Friday, total open
interest stood at 20,655 lots, down 354 lots from the previous
session and less than half the total open interest seen just
three months ago.
Traders said a private estimate for Brazil's 1997/98
harvest weighed on sentiment today.
Former U.S. Department of Agriculture agronomist, Leon
Yallouz, pegged the Brazilian 1997/98 coffee crop at around 28
million 60-kg bags in his latest private forecast, Brazilian
traders said. Other traders said they had heard the figure was
28.6 million bags.
Yallouz, who could not be reached to comment on the
estimate, is said to have previously put the 1997/98 Brazil
crop at 27.5 million bags.
Most Brazilian trade forecasts are between 23 million and
25 million bags, although the Brazilian government is working
with around 22 million bags.
Traders said a 28 million-bag plus estimate for Brazil's
1997/98 harvest confirmed the first USDA forecast of 28
million bags released earlier this month.
Forecasts calling for continued mild weather in top-grower
Brazil also dampened sentiment, traders said. No damaging cold
is indicated over the next week in Brazil's coffee belt,
although there may be some disruptions or delays to the
harvest due to wet weather, U.S.-based forecaster Weather
Services Corp said on Monday.
Technically, traders continued to peg September support
was seen at 168.75 cents. On the upside, September resistance
was seen at 180.00 cents, followed by today's high of 185.00
cents.
After Monday's close, CSCE reported certified coffee
stocks fell by 900 60-kg bags as of June 20, to 46,425 bags.
There were 3,100 bags pending grading, the exchange said.
240936 MET jun 97
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