EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 22.11.2017 Coffee Closing 21.11.2017

New York 20/11 21/11   High Low
DEC 17 122.90 123.85 +0.95 125.40 122.55
MAR 18 125.75 126.65 +0.90 128.35 125.35
MAY 18 128.00 128.90 +0.90 130.60 127.65
JUL 18 130.40 131.25 +0.85 132.85 130.00
SEP 18 132.65 133.55 +0.90 135.20 132.30
DEC 18 136.05 136.95 +0.90 138.50 135.85

Sales: 29,158 lots

London 20/11 21/11   High Low
NOV 17 1835 1818 -17 1831 1818
JAN 18 1810 1801 -9 1817 1796
MAR 18 1791 1783 -8 1799 1779
MAY 18 1796 1790 -6 1803 1788
JUL 18 1821 1816 -5 1828 1812
SEP 18 1830 1824 -6 1837 1822

Sales: 12,617 lots

DJ Ice Coffee Review

NEW YORK, November 21 - Arabica futures settled higher Tuesday as fresh buying began to enter in the market place after the first notice day. The active contract for March delivery finished 90 points higher at 126.65 cents a pound. Volume ...
NEW YORK, November 21 - Arabica futures settled higher Tuesday as fresh buying began to enter in the market place after the first notice day. The active contract for March delivery finished 90 points higher at 126.65 cents a pound. Volume declined to 29,158 lots reflecting the less activity on the spreads, with only 2,717 switches traded. Without fundamental news, the market action was mainly technical oriented. An early advance was capped by profit-taking against the mid value of the Bollinger band. The December delivery period began with 81 lots last night. Honduras coffee (78 lots) was the main origin rendered for delivery. In weather news, a more normal pattern is now developing in the Brazil main coffee areas, that can contribute to improve soil moisture. USDA attaché in Colombia, noted that due to favorable weather conditions and renovated trees, production next year could reach an historical high level of 14.7 million 60-kilo bags. This week COT report will be released on Nov 27. The non-commercials position will be very important to review considering the considerable reduction of the open interest.

DJ Liffe Coffee Review

LONDON, November 21 - Weakness in the nearby structure and a widening arbitrage limited the upside potential in London as strength fueled by speculative short covering in New York failed to spill into Robusta. A minor breach below key support at ...
LONDON, November 21 - Weakness in the nearby structure and a widening arbitrage limited the upside potential in London as strength fueled by speculative short covering in New York failed to spill into Robusta. A minor breach below key support at $1800 and move to new annual lows at $1796 draws further momentum based shorts to the arena, which most expect will follow-through into the next session. The Jan/March spread operated under pressure throughout, weakening to $17 premium to draw attention from speculative sellers as flat prices operated in negative territory through much of early trading. As the states emerged online, spec short covering fed into the ‘C’ contract which London tracked moderately higher, although any gains to the upside were limited as the March/March widened through 46.50 cents. Technicians will note the slow stochastic continuing to drive lower, suggesting downside momentum remains in place for now although a settlement sub $1800 in required for confirmation. Good options volume traded once more, with particular focus on Jan18 based downside protection.

Opening Quotations on: 22.11.2017

EUR / $
1.1758
£ / $
1.3249
CHF / $
0.9893
BRL / $
3.2573

Market News

COFFEE IS THE BEST THING TO DOUSE THE SUNRISE WITH ~ DREW SIRTORS