CIJENE KAVE U NEW YORK-U
SAD - KAVA Trgovačke spot cijene 13. prosinca 1996.
Differentials ZADNJA
Santos 4's even to "C" 129.40 N
Colombian MAMs 28 cts over "C" 157.40 N
El Salvador 8 cts over "C" 137.40 N
Mexican even to "C" 129.40 N
Guatemala 11 cts over "C" 140.40 N
Peru 6 cts over "C" 135.40 N
Uganda Pmy Robs 4 cts over London 64.33 N
Indonesia EK1 2 cts under London 58.33 N
Ecuador Ext Sup 8 cts under "C" 121.40 N
NEW YORK - KAVA cijene pri zatvaranju burze 13. prosinca 1996.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC6 129.50 125.00 133.70 125.00 129.25 129.40 1
MAR7 111.25 110.25 111.95 109.30 111.00 111.20 1
MAY7 108.50 107.80 109.00 107.10 108.15 108.30 1
JUL7 106.60 106.50 107.20 106.20 106.90 107.00 1
SEP7 105.00 104.25 105.50 104.00 104.90 105.00 1
DEC7 103.00 102.50 103.00 101.75 102.50 102.75 1
MAR8 101.00 100.00 101.00 100.00 101.00 101.25
MAY8 98.00 101.00 101.25
CSCE coffee ends higher, spot December soars
NEW YORK, Dec 13 (Reuter) - CSCE coffee futures ended
higher in volatile dealings on Friday, as sharp gains in the
spot December contract lifted the rest of the market, floor
sources said.
"If we didn't have December pulling this market up, I am
not sure where we would be," one trader said.
With December going off the board on Wednesday, dealers
said the trade moved to cover short positions, which sparked
speculative buying in the outer months.
Benchmark March delivery breached near-term resistance at
110.50 cents a lb, touching off buy-stops near 111.00 cents.
March rallied to a high of 111.75 cents before a round of
commission house profit-taking cut into gains, traders said.
March futures settled up 1.35 censt, to 111.20 cents,
ranging from 111.95 to 109.30. May rose 0.95 cent, to 108.30,
while the back months gained 1.10 to 1.95.
The December contract jumped 6.00 cents, to end at 129.40
cents, its highest settlement since September 1995. The
December/March switch ballooned to 18.20 cents, up from 13.55
at the close Thursday.
With the spot December contract's last trading day on
Tuesday fast approaching, open interest in December still
relatively high at 581 lots, the equivalent of about 150,000
bags of coffee.
As of the close Thursday,the CSCE reported certified
coffee stocks stood at only 2,321 bags in the week ended
December 6. An additional 10,250 bags were certified for
delivery sometime between December 9-12, and a further 14,750
bags were reported pending grading.
No delivery notices were issued Thursday. To date, 11
delivery notices have been issued.
"They are running up December because there are still 581
open positions," said Refco Inc. analyst Ann Prendergast. "And
there is not nearly that much coffee certified."
Traders await the U.S. Department of Agriculture's revised
1996/97 world coffee production estimate slated for release
after the close of business on Friday.
Analysts anticipated few changes from the June USDA
figures, which put 1996/97 global output at 99.1 million 60-kg
bags, up from 86.8 million bags the previous season. The USDA
pegged top-grower Brazil's 1996/97 output at 27.5 million
bags.
Traders also await the U.S. Green Coffee Association of
New York's November consumer coffee stock figures due after
the close on Monday.
Turnover reached an estimated 9,577 lots.
161038 MET dec 96
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