CIJNE KVE NA BURZI U NEW YORK-
SAD - KAVA Trgovačke spot cijene 09. listopada 1996.
Differentials ZADNJA
Santos 4's 2 cts under "C" 111.55 N
Colombian MAMs 20 cts over "C" 133.55 N
El Salvador 8 cts over "C" 121.55 N
Mexican 6 cts over "C" 119.55 N
Guatemala 8 cts over "C" 121.55 N
Peru 6 cents over "C" 119.55 N
Uganda Pmy Robs 4 cts over London 74.26 N
Indonesia EK1 2 cts under London 68.26 N
Ecuador Ext Sup 12 cts under "C" 101.55 N
NEW YORK - KAVA cijene pri zatvaranju burze 09. listopada 1996.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC6 113.10 112.25 115.50 112.25 113.10 113.55 1
MAR7 105.50 105.75 107.50 105.50 105.50 105.85 1
MAY7 104.50 105.50 106.75 104.50 104.50 105.15 1
JUL7 105.25 105.50 106.10 105.25 105.25 105.25 1
SEP7 106.00 105.00 106.10 106.00 105.00 105.25 1
DEC7 106.50 105.00 106.50 105.90 105.50 106.00 1
MAR8 105.00 105.00 105.15 1
CSCE coffee ends slightly firmer in see-saw day
NEW YORK, Oct 9 (Reuter) - CSCE coffee prices ended firmer
but with sharply pared gains in volatile dealings Wednesday,
as persistent worries about near-term supplies boosted the
spot December contract, trading sources said.
Steady buying from speculators and the trade launched the
market into firmer territory from the outset, dealers said,
briefly propelling the benchmark December contract to a high
of 115.50 cents a lb.
But producer countries, eager to lock in better returns
while the market is in an uptrend, sold aggressively at the
highs, shearing nearly two cents off the market from its
midsession peak.
Prices held at steadily firmer levels until just before
the closing bell, when day traders liquidated long positions
acquired at the opening rally.
December rose 1.05 cent a lb on the day, to 113.55, its
highest close since August 30. It briefly touched an intraday
high of 115.50. December's premium to second-month March
swelled to a hefty 7.70 cents, from 6.85 on Tuesday.
Volume on the day reached a steady 9,883 lots.
December futures have risen 10 cents, or nearly 10
percent, in a little over a week, sparked by the latest round
of inventory figures showing U.S. coffee stocks at their
lowest levels since the mid-1980's.
But gains on the December contract have far outpaced the
back months, reflecting widely-held views that the supply
situation will improve by early next year.
"You just don't have any real physical supplies coming in
right now, at whatever the price," said Merrill Lynch analyst
Judith Ganes.
Until the current Latin American harvest replenishes U.S.
consumer stocks later this fall, the nearby switch could widen
to the 10-cent range, she said.
Spooked by today's see-saw activity on futures, many
traders once again took refuge in the options ring. Turnover
on call options reached a strong 2,351 lots by the close, with
good interest seen on out-of-the-money calls toward 120 cents.
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