CIJENE KAVE U NEW YORK-U
SAD - KAVA Trgovačke spot cijene 27. prosinca 1996.
Differentials ZADNJA
Santos 4's 2 cts under "C" 114.20 N
Colombian MAMs 22 cts over "C" 138.20 N
El Salvador 6 cts over "C" 122.20 N
Mexican even to "C" 116.20 N
Guatemala 6 cts over "C" 122.20 N
Peru 6 cts over "C" 122.20 N
Uganda Pmy Robs 6 cts over London 64.29 N
Indonesia EK1 2 cts under London 56.29 N
Ecuador Ext Sup 8 cts under "C" 108.20 N
NEW YORK - KAVA cijene pri zatvaranju burze 27. prosinca 1996.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
MAR7 116.20 114.80 117.50 113.20 116.00 116.20 1
MAY7 113.40 112.10 114.80 111.00 113.40 113.55 1
JUL7 112.10 110.25 113.30 109.20 112.00 112.10 1
SEP7 108.75 108.75 109.00 108.10 110.25 110.45 1
DEC7 109.00 106.50 109.00 106.50 108.00 108.50 1
MAR8 104.00 106.00 106.50 1
MAY8 104.00 105.00 105.50 1
JUL8
CSCE coffee ends higher on fund buying
NEW YORK, Dec 27 (Reuter) - CSCE coffee futures rallied on
Friday amid aggressive fund buying, lifting the key March
contract to its highest level in four months, dealers said.
In the first day back from a two-day Christmas break,
speculative short covering and scattered roaster buying drove
the market through the widely-watched 115-cent level early in
the session.
From there, fresh fund buying carried benchmark March
futures to a peak of 117.50 cents, its highest since late
August.
"There was very good fund buying," said one trader, adding
that origin selling was unusually light overhead. "Colombia
and Brazil weren't there. Everyone is on vacation."
After the early spike, the buying momentum wound down by
midday, prompting some speculators to take profits ahead of
the weekend.
March delivery gained 1.45 cent a lb on the day, to
116.20, having traded from 113.20 to 117.50. May futures rose
1.25 cent a lb, to 113.55, while the outer months gained 1.35
to 2.50.
Fundamentally, traders said talk that Brazil's 1997/98
harvest would sharply trail the 1996/97 yield lent some
impetus to the market. On Thursday, officials from the Minais
Gerais state in Brazil estimated the 1997/98 crop at 8.3
million bags, down from a revised 13.8 million in 1996/97.
Today's move through both 115 and 117 cents sent a bullish
signal, but traders said March would need to hold above the
115 mark to confirm a technical breakout.
"The market definitely looks strong," the trader said. "We
now need a further break through 117.50 and we need to hold
above today's low."
Volume was fairly robust, at an estimated 9,454 lots.
Traders said that figure included 734 against actuals (AA's).
301118 MET dec 96
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