EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 14.06.2018 Coffee Closing 13.06.2018

New York 12/06 13/06   High Low
JUL 18 117.35 116.35 -1.00 117.25 116.20
SEP 18 119.50 118.60 -0.90 119.35 118.45
DEC 18 123.05 122.10 -0.95 122.90 122.00
MAR 19 126.45 125.55 -0.90 126.35 125.40
MAY 19 128.75 127.85 -0.90 128.60 127.70
JUL 19 130.90 130.05 -0.85 130.70 130.00

Sales: 80,332 lots

London 12/06 13/06   High Low
JUL 18 1729 1706 -23 1731 1704
SEP 18 1715 1693 -22 1721 1691
NOV 18 1718 1697 -21 1724 1696
JAN 19 1726 1702 -24 1732 1702
MAR 19 1738 1715 -23 1744 1715
MAY 19 1751 1730 -21 1754 1730

Sales: 34,324 lots

DJ Ice Coffee Review

NEW YORK, June 13 - Arabica coffee futures fell Wednesday to settle near recent lows. The benchmark contract for July delivery closed 100 points lower at 116.35 cents a pound. The volume was again boosted by switches, reaching 80,332 lots ...
NEW YORK, June 13 - Arabica coffee futures fell Wednesday to settle near recent lows. The benchmark contract for July delivery closed 100 points lower at 116.35 cents a pound. The volume was again boosted by switches, reaching 80,332 lots including 28,458 switches. The weakness of the real added pressure on the coffee prices. In related news, Coffee Network released the most recent global supply demand estimate, anticipating a possible surplus of 13.0 million bags for the 2018-2019 crop year. Other commodity markets were steady today ahead of the FOMC decision. As expected by market participants, the FED raised the interest rate by 25 basis points, to a new target range to 1.75% to 2.0%, and signaled it would raise them two more times this year. The FED added it would tolerate above-target inflation at least through 2020. On Friday, the GCA will release the green coffee inventories for May. Last year, the stocks increased 224,169 bags during May. Some analysts think that the GCA figure could be lower, reflecting the reduction of the Brazil’s exports and Honduras’s shipments during May.

DJ Liffe Coffee Review

LONDON, June 13 - Flat prices operate under pressure throughout the session to print annual lows basis Sep18, although the bulk of the sessions turnover came via the structure as front month book management remains a key short-term focus. Despite ...
LONDON, June 13 - Flat prices operate under pressure throughout the session to print annual lows basis Sep18, although the bulk of the sessions turnover came via the structure as front month book management remains a key short-term focus. Despite trading $5 higher off the opening bell, selling pressure swiftly arrived into London with values going on to predominantly hold a downward trajectory thereafter. A breach of yesterday’s lows accentuated the pace of the downside to absorb resting clips of commercial buying ahead of the previous annul lows at $1705 and the option strike at$1700. A break below this key support failed to ignite significant downside traction, however, as commercial buyers continued to chip away into the new lows whilst a weaker Dollar Index and a firmer Brazilian Real provided a more supportive macro environment. Despite flat prices refraining from driving significantly lower sub $1700, technicians will look at the action of the session negatively, noting a settlement below the lower Bollinger Band suggesting additional selling pressure is likely. July18 position management ahead of the upcoming notice period once more dominated the turnover, with 8,656 lots of July/Sep trading across a $6 range, maintaining a premium as the noncommercial short continues to roll. Good volumes of options traded once more, with 1000 lots of the July18 $1750 call trading at $8 with a week to go until Jul18 option expiration (20th June).

Opening Quotations on: 14.06.2018

EUR / $
1.1813
£ / $
1.3396
CHF / $
0.9840
BRL / $
3.7187

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