EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 21.02.2018 Coffee Closing 20.02.2018

New York 19/02 20/02   High Low
MAR 18 C 118.20 +0.25 119.15 116.95
MAY 18 L 119.70 -0.75 121.00 119.50
JUL 18 O 122.00 -0.75 123.30 121.80
SEP 18 S 124.35 -0.70 125.60 124.15
DEC 18 E 127.90 -0.70 129.20 127.65
MAR 19 D 131.35 -0.65 132.60 131.05

Sales: 47,163 lots

London 19/02 20/02   High Low
MAR 18 1777 1812 +35 1820 1770
MAY 18 1741 1770 +29 1784 1733
JUL 18 1767 1794 +27 1810 1761
SEP 18 1770 1798 +28 1814 1765
NOV 18 1775 1802 +27 1816 1770
JAN 19 1781 1808 +27 1822 1781

Sales: 25,191 lots

DJ Ice Coffee Review

NEW YORK, February 20 - Arabica futures market for May delivery fell 75 points Tuesday to settle at 119.70 cents a pound. The drop could be attributed to the speculative selling encouraged by the bearish sentiment and the technical weakness of ...
NEW YORK, February 20 - Arabica futures market for May delivery fell 75 points Tuesday to settle at 119.70 cents a pound. The drop could be attributed to the speculative selling encouraged by the bearish sentiment and the technical weakness of the chart. A COT report that showed the non-commercials with a smaller net short position promoted the selling since the opening. Having reduced the shorts by more than 8,000 lots, they now seem with strength to add shorts again. The decline accelerated when coffee prices broke last week’s lows, reinitiating the down trend. A firm dollar added weight on the commodity markets. The dollar rose against the real 0.6% to BRL 3.2530.

DJ Liffe Coffee Review

LONDON, February 20 - Buy stops triggered at yesterday’s highs and the key 20 day moving average at $1757 basis May18 propelled outright values higher throughout the session as London defied a flat New York market and consistent Dollar strength. ...
LONDON, February 20 - Buy stops triggered at yesterday’s highs and the key 20 day moving average at $1757 basis May18 propelled outright values higher throughout the session as London defied a flat New York market and consistent Dollar strength. Flat prices initially looked to track early weakness in New York, breaking through yesterday’s lows and running into sporadic resting commercial buying orders. The early weakness failed to attract further follow-through selling however, prompting intra-day shorts to cover. The move higher triggered stops at key technical resistance, as 900 lots of May18 traded in one minute with flat prices surging into an initial void of selling. The move back towards recent highs signaled the return of Vietnamese sellers following the Tet Holiday celebrations, chipping away for the remainder of the session leaving intermediate resistance at $1791 intact, for now. Good volumes traded on the March/May switch as open interest continues to draw from the front month ahead of the upcoming notice period. The nearby switch traded 5612 lots across an $8 range, strengthening to $43 premium. Participants maintain a close eye on March18 based options ahead of tomorrow option expiration. Current exposure at the March18 strikes and at 3426 calls and 1734 lots of puts.

Opening Quotations on: 21.02.2018

EUR / $
1.2322
£ / $
1.3975
CHF / $
0.9371
BRL / $
3.2542

Market News

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