CIJENE KAKAA NA BURZI U NEW YORKU

CIJENE KAKAA NA BURZI U NEW YORK-U SAD - KAKAO Trgovačke spot cijene 07. srpnja 1997. minimalne količine u vagonima, cijene u am. dolarima po toni posljednja Ghana Maincrop 1770.00 N Ivory Maincrop Maincrop 1731.00 N Bahia superior Superior 1750.00 N Sanchez FAQ FAQ 1618.00 N Sulwaesi SAQ FAQ 1576.00 N Arriba Superior Superior 1615.00 N Malaysia 110 1646.00 N Liquor Ecuador 2363.00 N Liquor Brazil 2451.00 N Maslac African 4269.00 N Maslac drugi 4279.00 N Natural Cake 10/12% 623.00 N NEW YORK - Kakao cijene pri zatvaranju burze 07. srpnja 1997. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO EDNJA RANJE VIŠA NIŽA RANJE DBE JUL7 1515 1579 1595 1515 1515 1536 SEP7 1562 1578 1590 1554 1556 1558 DEC7 1610 1632 1640 1605 1610 1610 MAR8 1638 1661 1668 1638 1638 1638 MAY8 1655 1678 1680 1655 1658 1658 JUL8 1705 1676 1676 SEP8 1712 1710 1712 1710 1694 1694 DEC8 1709 1709 MAR9 1738 1738 MAY9 1753 1753 CSCE cocoa ends a bit weaker, early gains erased NEW YORK, July 7 (Reuter) - CSCE cocoa futures ended a touch weaker and toward the bottom of the day's range on Monday, as speculators continued to liquidate long positions on the heels of three straight sessions of losses, traders said. "It looked like there was still some leftover spec selling," said one trader. "But really it was very, very quiet." Traders said the day's volume was unimpressive, at an estimated 5,604 lots. Benchmark September futures softened $4 a tonne, to end at $1,558, after ranging from $1,590 to $1,554. Spot July also fell $4, to $1,536, while the remaining months eased $1 to $4. Cocoa prices jumped at the opening bell, gapping up some $20 a tonne in New York, as the market tried to catch up with gains posted overnight and on Friday in London. The New York market was closed on Friday, July 4, for Independence Day. Traders had expected New York cocoa prices to bounce back in a technical correction after declining by nearly nine percent in the past three sessions. But some traders said a modest drop in total open interest after Thursday's sell-off may have deflated sentiment, as the data showed that speculators still have more selling to do. The data showed total open positions fell by just 3,183 contracts to 103,903 at the close of business on Thursday. "Open interest is still a little high and it could still back off," said Merrill Lynch analyst Judith Ganes. "I think cocoa just got ahead of itself." Traders are not likely to get much enlightenment on speculators' positions from the latest CFTC Commitment of Traders report slated for release later today. The figures, due out around 1600 EDT, will only report positions held through July 1 and will not reflect the recent sharp sell-off. Traders also recieved little inspiration from the European second quarter 1997 grind figures, which they said were largely in line with expectations. The German cocoa grind figure for the second quarter, which was reported on Monday, was down 3.5 percent from a year earlier to 57,402 tonnes. Figures released on Friday showed the U.K. second quarter grind fell 4.1 percent to 42,702 tonnes compared to the same period in 1996, while the Dutch grindings rose by 10.4 percent, to 100,132 tonnes. Traders said that after cocoa's hasty retreat from nine-year highs scored less than two weeks ago, sentiment was mixed. "Sentiment is uncertain now," said one trader. "The market looks good one minute and then terrible the next. I think that's why people stayed away today. Technically, traders said Thursday's low of $1,525 in September would provide some support, followed by $1,514. Resistance was seen near today's high of $1,590. 081026 MET jul 97