CIJENE KAKAA NA BURZI U NEW YORK-U
SAD - KAKAO Trgovačke spot cijene 09. srpnja 1997.
minimalne količine u vagonima, cijene u am. dolarima po toni
posljednja
Ghana Maincrop 1814.00 N
Ivory Maincrop Maincrop 1779.00 N
Bahia superior Superior 1786.00 N
Sanchez FAQ FAQ 1661.00 N
Sulwaesi SAQ FAQ 1615.00 N
Arriba Superior Superior 1672.00 N
Malaysia 110 1712.00 N
Liquor Ecuador 2418.00 N
Liquor Brazil 2497.00 N
Maslac African 4368.00 N
Maslac drugi 4378.00 N
Natural Cake 10/12% 627.00 N
NEW YORK - Kakao cijene pri zatvaranju burze 09. srpnja 1997.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
EDNJA RANJE VIŠA NIŽA RANJE DBE
JUL7 1570 1525 1570 1566 1572 1572
SEP7 1595 1575 1598 1575 1594 1594
DEC7 1644 1630 1647 1630 1644 1644
MAR8 1674 1661 1674 1661 1673 1674
MAY8 1680 1694 1694
JUL8 1705 1712 1712
SEP8 1721 1720 1721 1713 1730 1730
DEC8 1745 1715 1745 1732 1745 1745
MAR9 1774 1774
MAY9 1789 1789
CSCE cocoa ends higher in lackluster trading
NEW YORK, July 9 (Reuter) - CSCE cocoa futures ended
broadly higher for the second day in a row on Wednesday, as
the market continued recover ground after the recent sharp
sell-off.
Traders said short-covering and outright buying by
speculators as well as scale-down industry buying drove prices
higher. They added there was a lack of origin selling to keep
a lid on the upswing.
"I think the buying interest by industry is a reflection
that after the big drop, prices look more attractive," said
Dean Witter analyst Corey Bell. "And I think there is still an
opportunity to continue higher since we still haven't seen any
solid numbers for production."
Benchmark September futures rose $16 a tonne on the day,
to $1,594, after ranging from $1,598 to $1,575. Spot July also
gained $16, to close at $1,572, while the remaining months
finished $16 to $17 higher.
Much of day's activity was chart-driven, with traders
focused on filling a chart gap between $1,590 and $1,610 a
tonne in the September contract. September peaked at $1,598,
but ran into stiff psychological resistance at $1,600.
Technically, traders said the $1,610 mark was still an
objective for September, with the next level of resistance
seen at $1,625. On the downside, support was noted near
$1,580.
While there was little in the way of fresh fundamental
input, traders said concerns lingered about the size of the
upcoming Ivorian crop despite recent reports of major
improvement due to beneficial rains.
"The optimism over the recovery of the Ivory Coast crop
has started to slide," said one trader. "There are still
concerns."
He said persistent fears an El Nino weather pattern could
adversely impact many cocoa-growing regions would continue to
fuel buying -- particularly in the foward contracts -- as
dealers piled on positions as insurance against future
potential shortages.
The day's volume was fairly light, at an estimated 5,867
lots.
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