EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 18.04.2018 Coffee Closing 17.04.2018

New York 16/04 17/04   High Low
MAY 18 114.25 113.55 -0.70 114.60 113.05
JUL 18 116.55 115.85 -0.70 116.90 115.30
SEP 18 118.65 118.10 -0.55 119.00 117.55
DEC 18 122.15 121.60 -0.55 122.50 121.10
MAR 19 125.65 125.15 -0.50 126.30 124.60
MAY 19 128.05 127.60 -0.45 128.65 127.10

Sales: 75,187 lots

London 16/04 17/04   High Low
MAY 18 1701 1715 +14 1719 1685
JUL 18 1729 1754 +25 1758 1722
SEP 18 1718 1740 +22 1743 1713
NOV 18 1721 1740 +19 1742 1716
JAN 19 1723 1743 +20 1744 1720
MAR 19 1733 1753 +20 1754 1731

Sales: 27,581 lots

DJ Ice Coffee Review

NEW YORK, April 17 - Arabica coffee futures added more losses Tuesday on origin and spec selling. The most active contract for July delivery settled 70 points lower to 115.85 cents a pound. Volume reached 75,187 lots, including 22,031 switches. ...
NEW YORK, April 17 - Arabica coffee futures added more losses Tuesday on origin and spec selling. The most active contract for July delivery settled 70 points lower to 115.85 cents a pound. Volume reached 75,187 lots, including 22,031 switches. Producer selling ahead of the first notice day for the May contract was noted, adding pressure on the prices. Expectations of a good crop in Brazil remain high, as favorable weather conditions are going to help the harvest that will begin at the end of May. The dollar was firm, adding weight to the commodity complex.

DJ Liffe Coffee Review

LONDON, April 17 - Outright values remain resilient ahead of last week’s lows, prompting speculative based short covering to emerge and propel London to close firmly within positive territory for the session. Prices opened amid moderate pressure, ...
LONDON, April 17 - Outright values remain resilient ahead of last week’s lows, prompting speculative based short covering to emerge and propel London to close firmly within positive territory for the session. Prices opened amid moderate pressure, tracking last night’s final hour weakness in New York although once more failed to uncover fresh follow through selling despite a breach of yesterday’s lows. Light technical buying at last week’s lows combined with further commercial buying chipping away at the lower echelons of the daily range has resulted in a double low forming at $1722 basis July18 which acts as short-term support. With New York edging lower throughout much of the afternoon, additional support came via the arbitrage as the May/May narrowed into 36.15 cents. With prices holding resolutely above intermediate lows, fresh upside momentum returned to London as speculative shorts covered into the final hours of the session, absorbing scatterings of overhead selling resting above the market. A settlement above the 20-day moving average, a key pivot over recent weeks will be viewed positively by technicians whilst a bullish engulfing pattern is noted on a daily basis. Nearby resistance stands at the 50-day M.A at $1772 ahead of the recent high at $1777. Further clips of selling out of origin are expected if values can push towards these highs over the coming sessions.

Opening Quotations on: 18.04.2018

EUR / $
1.2367
£ / $
1.4296
CHF / $
0.9676
BRL / $
3.4057

Market News

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