CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 01. srpnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1905.00 N Ivory Maincrop Maincrop 1865.00 N Bahia superior Superior 1875.00 N Sanchez FAQ FAQ 1752.00 N Sulwaesi SAQ FAQ 1708.00 N Arriba Superior Superior 1762.00 N Malaysia 110 1793.00 N Liquor Ecuador 2567.00 N Liquor Brazil 2634.00 N Maslac African 4628.00 N Maslac drugi 4639.00 N Natural Cake 10/12% 663.00 N NEW YORK - Kakao cijene pri zatvaranju burze 01. srpnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 1658 1650 1704 1656 1658 1658 SEP7 1691 1708 1735 1678 1682 1685 DEC7 1727 1751 1777 1726 1727 1730 MAR8 1760 1778 1803 1760 1760 1760 MAY8 1800 1790 1815 1798 1780 1780 JUL8 1827 1810 1827 1822 1798 1798 SEP8 1836 1830 1836 1823 1816 1816 DEC8 1863 1850 1863 1863 1831 1831 MAR9 1900 1875 1901 1892 1860 1860 MAY9 1911 1909 1911 1908 1875 1875 CSCE cocoa ends volatile session sharply lower NEW YORK, July 1 (Reuter) - CSCE cocoa futures ended down sharply in rollercoaster trading on Tuesday, as an afternoon round of speculative selling sent prices toward session lows, traders said. Traders said the sell-off was mainly technically driven, with downward momentum accelerating after the benchmark September contract broke through chart support near $1,685 a tonne, activating sell-stops. "It hit a vacuum," said one trader. "After it broke the mid-$1,680s it ran into stops and there was nothing there." September cocoa tumbled $35 to a low of $1,678, before commercial buying trimmed losses. At the close, September cocoa stood a $1,685, down $28 on the day. Spot July fell $26, to $1,658, while the back months lost $21 to $30. Cocoa prices slumped at the opening, with the September contract initially falling $17 before the selling ebbed. Traders said speculative and light industry buying quickly erased losses and propelled prices sharply higher. But September's failure to get through key resistance at $1,737 a tonne, its life-of-contract high, prompted speculators to turn around and take profits, traders said. "The went up fast for no reason and went down for no reason," said Smith Barney analyst Walt Spilka. "But the trend is still higher and that is what matters. "If it breaks down below $1,600, then I might begin to question the breakout we had," he added. Despite today's downturn, Spilka said concerns about the size of the 1997/98 Ivorian crop and fears an El Nino weather pattern could adversely impact the weather in many cocoa-growing regions would continue to underpin the market. On the charts, traders pegged September support near today's low of $1,678, with a major downside hurdle seen at $1,655-$1,650. Resistance remained at $1,737, its lifetime high, with the next upside target at $1,750. 021055 MET jul 97