EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 17.08.2018 Coffee Closing 16.08.2018

New York 15/08 16/08   High Low
SEP 18 102.40 101.70 -0.70 103.55 101.30
DEC 18 106.00 105.35 -0.65 107.10 104.90
MAR 19 109.25 108.55 -0.70 110.35 108.15
MAY 19 111.65 110.90 -0.75 112.75 110.60
JUL 19 114.00 113.30 -0.70 115.10 113.00
SEP 19 116.35 115.65 -0.70 117.45 115.35

Sales: 76,618 lots

London 15/08 16/08   High Low
SEP 18 1643 1668 +25 1672 1642
NOV 18 1592 1596 +4 1605 1592
JAN 19 1583 1586 +3 1594 1582
MAR 19 1592 1594 +2 1600 1592
MAY 19 1605 1607 +2 1614 1606
JUL 19 1619 1622 +3 1629 1621

Sales: 33,997 lots

DJ Ice Coffee Review

NEW YORK, August 16 - The “C” eases lower as the Sept contract nears first notice day next Thursday and was not influenced by London’s higher close. The spot Sept contract fell 70 pts and settled at 101.70 with total volume levels decreasing ...
NEW YORK, August 16 - The “C” eases lower as the Sept contract nears first notice day next Thursday and was not influenced by London’s higher close. The spot Sept contract fell 70 pts and settled at 101.70 with total volume levels decreasing after the last 7 trading sessions. Today’s total traded volume was 75,524 with switches providing 22,332 lots. The market has failed to receive any helpful bullish fundamental news and the dry weather in Brazil has been favorable for harvesting. Brazilian coffee farmers have concluded the collection of robusta beans and are nearing the end of work with arabica, consultancy Safras & Mercado said on Thursday. Safras also projected that farmers harvested 88 percent of the area with coffee by Aug. 14 compared to 91 percent a year earlier. The five-year average for this time of the year is 86 percent. On the global end, markets rebounded from their panic lows yesterday as China and the US will resume trade negotiations later this month, according to reports.

DJ Liffe Coffee Review

LONDON, August 16 - London fails to generate additional downside momentum despite yesterday’s technically negative settlement as continued strength in the nearby structure draws moderate strength into the flat price. Predominant focus remained on ...
LONDON, August 16 - London fails to generate additional downside momentum despite yesterday’s technically negative settlement as continued strength in the nearby structure draws moderate strength into the flat price. Predominant focus remained on the Sep/Nov switch, a key feature of this week’s trading action so far, as values once more held an upward trajectory to drive deeper into a heavy premium. The nearby structure went on to dominate the session’s turnover, trading 7700 lots as values lifted $24 on the day into $77 premium. The strength in the structure provided a layer of support into the outright market, with flat prices holding above yesterday’s lows and ultimately going on to trade an inside day. The lethargic nature of the flat price meant commercial activity was limited, with buyers having been particularly active into yesterday’s move lower, whilst origin sellers remained resolute in refraining from tracking values lower. The action of the session changes little in terms of London’s technical picture with many assigning today’s performance as a consolidation following yesterday’s move lower. Heading into the final session of the week, traders will closely monitor the performance of the outrights, with any settlement below $1626 on course to be London’s lowest weekly settlement since May 2016.

Opening Quotations on: 17.08.2018

EUR / $
1.1391
£ / $
1.2743
CHF / $
0.9962
BRL / $
3.9045

Market News

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