EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 21.06.2017 Coffee Closing 20.06.2017

New York 19/06 20/06   High Low
JUL 17 124.20 121.95 -2.25 124.05 120.80
SEP 17 126.60 124.60 -2.00 126.45 123.30
DEC 17 130.05 128.10 -1.95 129.85 126.85
MAR 18 133.50 131.55 -1.95 133.35 130.35
MAY 18 135.85 133.90 -1.95 135.65 132.75
JUL 18 138.05 136.10 -1.95 137.90 135.00

Sales: 53,104 lots

London 19/06 20/06   High Low
JUL 17 2091 2057 -34 2096 2040
SEP 17 2108 2074 -34 2113 2056
NOV 17 2087 2056 -31 2090 2042
JAN 18 2058 2029 -29 2060 2020
MAR 18 2035 2008 -27 2036 2000
MAY 18 2030 2004 -26 2020 2000

Sales: 28,962 lots

DJ Ice Coffee Review

NEW YORK, June 20 - Arabica coffee futures extended losses Tuesday influenced by a general drop of the commodity complex. Crude oil prices collapsed to their lowest levels in seven months, as large specs are now aggressive playing the short side ...
NEW YORK, June 20 - Arabica coffee futures extended losses Tuesday influenced by a general drop of the commodity complex. Crude oil prices collapsed to their lowest levels in seven months, as large specs are now aggressive playing the short side of the market. This action contributed to add pressure on the currencies of emerging market economies. The active contract for September delivery closed 200 points lower at 124.60 cents, while the benchmark July contract settled 225 lower at 121.95 cents a pound. The volume was 53,104 lots. The spread activity was reduced as we approach the first notice day for the July position. Last minute price fixing selling and a weak technical performance encouraged the non-commercial selling. In Brazil, the currency fell to 1-month low as the Senate rejects the labor reform bill in a political blow to President Temer. The real fell 1.6% to USDBRL 3.3374. The Colombian peso declined 1.8% to end at USDCOP 3,032.0. In weather news, temperatures remained in the 40s and 50s in Brazil coffee areas. Similar conditions are expected during the 6-10 days period, with little threat of frost. The Australian Bureau of Meteorology cancelled El Nino watch, after climate models began to show the lessening of the pattern.

DJ Liffe Coffee Review

LONDON, June 20 - Speculative profit taking in the forward spreads and further weakness in New York pushed London lower, with the move accentuated by a void of resting commercial buying. Early weakness in the Sep/Nov spread attracted initial ...
LONDON, June 20 - Speculative profit taking in the forward spreads and further weakness in New York pushed London lower, with the move accentuated by a void of resting commercial buying. Early weakness in the Sep/Nov spread attracted initial selling pressure to the flat prices with London going on to observe a negative trajectory thereafter. The Sep/Nov went on to trade 2700 lots, whilst weakening to $14 premium as speculative players unwound recent trading positions. The move lower dragged the July contract month away from $2100 where much of the recent trading action has looked to hold ahead of tomorrow’s option expiration. Scatterings of origin selling were visible around the top end of the sessions range although did not look to chase the market lower following good levels of recent activity. July book management continued a pace, with 2200 lots of EFPs posted basis November represented forward financing. The July/Sep switch remains operational within a narrow recent range for now, trading 3500 around $16 discount.

Opening Quotations on: 21.06.2017

EUR / $
1.1133
£ / $
1.2613
CHF / $
0.9744
BRL / $
3.3255

Market News

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