CIJENE KAVE NA BURZI U NEW YORKU

CIJNE KAVE NA BURZI U NEW YORK- SAD - KAVA Trgovačke spot cijene 29. listopada 1996. Differentials ZADNJA Santos 4's 4 cent under "C" 112.75 N Colombian MAMs 23 cts over "C" 139.75 N El Salvador 8 cts over "C" 124.75 N Mexican 6 cts over "C" 122.75 N Guatemala 8 cts over "C" 124.75 N Peru 6 cts over "C" 122.75 N Uganda Pmy Robs 4 cts over London 73.03 N Indonesia EK1 2 cts under London 67.03 N Ecuador Ext Sup 12 cts under "C" 104.75 N NEW YORK - KAVA cijene pri zatvaranju burze 29. listopada 1996. MJE POSLJ OTVA NAJ NAJ ZATVA NAGO SEC EDNJA RANJE VIŠA NIŽA RANJE DBE DEC6 116.00 119.70 123.00 115.75 115.75 116.35 1 MAR7 104.80 106.20 107.70 104.75 104.75 105.00 1 MAY7 103.10 104.00 104.80 103.10 102.60 102.85 1 JUL7 102.25 103.05 103.65 102.00 101.75 101.90 1 SEP7 101.00 103.00 101.00 101.00 101.50 101.75 1 DEC7 102.00 101.75 102.15 1 MAR8 101.00 102.00 102.25 1 CSCE coffee ends lower after early rally fizzles NEW YORK, Oct 29 (Reuter) - CSCE coffee futures reversed course to end lower Tuesday, after a round of speculative liquidation and options-related selling erased early sharp gains, floor sources said. Front-month December futures racked up the heaviest losses, hit by persistent liquidation of the nearby spread. The December/March spread, which ballooned to more than 15 cents early in the session, finished at 11.35 cents, down from 13.25 cents at the close Monday. "After December failed to follow through at 123 and people began to realize it was not going to make new highs, they started to sell the December/March switch," one trader said. Some traders said the CSCE's decision to raise margins on the spot December contract for the third time this month also may have prompted operators to liquidate. December ended down 2.75 cents a lb, at 116.35, after ranging between 123.00 and 115.70. Second-month March fell 0.85 cent, to 105.00, while the rest closed 0.50 to 1.40 lower. December ran up nearly 4.00 cents a lb, peaking at a nine-week high this morning, after a sharp decline in weekly exchange-certified coffee stocks, traders said. The CSCE reported after the close Monday U.S. certified coffee stocks fell by 4,036 60-kg bags in the week ended October 25, to just 1,547 bags, their lowest level since the exchange began tracking inventories in 1980. Additionally, no coffee was reported pending grading or recertification, the CSCE said. But some traders said new crop coffee from Colombia should start to flow into the market following the end of a 12-day truckers' strike last Thursday. And many Central American countries, which have had difficulty getting their beans to port due to flooding from recent heavy rainfall, should begin exporting coffee in the coming weeks. "We are eventually going to see a build up in stocks," said Dean Witter analyst Steve Platt. "It seems to undercut each rally attempt." Technically, traders said December's close below 116.50 cents could signal a drop toward the key 110-cent level, but first the spot contract would need to fill a gap formed last week between 115.10 and 133.30. On the upside, near-term resistance was seen at 118.50. Turnover was heavy, at an estimated 12,643 lots. In the options pit, an estimated 2,787 calls were traded, while 1,524 puts changed hands. 301121 MET oct 96