EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 25.05.2018 Coffee Closing 24.05.2018

New York 23/05 24/05   High Low
JUL 18 119.35 120.55 +1.20 121.00 119.45
SEP 18 121.65 122.80 +1.15 123.25 121.80
DEC 18 125.20 126.35 +1.15 126.75 125.35
MAR 19 128.65 129.85 +1.20 130.20 128.75
MAY 19 130.90 132.05 +1.15 132.15 131.00
JUL 19 132.95 134.05 +1.10 134.15 133.00

Sales: 41,061 lots

London 23/05 24/05   High Low
MAY 18 1726 1730 +4 1733 1730
JUL 18 1751 1755 +4 1765 1745
SEP 18 1741 1744 +3 1754 1735
NOV 18 1746 1749 +3 1758 1744
JAN 19 1748 1751 +3 1760 1747
MAR 19 1756 1759 +3 1765 1754

Sales: 7,149 lots

DJ Ice Coffee Review

NEW YORK, May 24 - Arabica “C” coffee futures end higher on spec dominated interest. The most active contract for July delivery settled 120 points higher to settle at 120.55 cents a pound. Volume reached 41,061 lots, including 9,874 switches. The ...
NEW YORK, May 24 - Arabica “C” coffee futures end higher on spec dominated interest. The most active contract for July delivery settled 120 points higher to settle at 120.55 cents a pound. Volume reached 41,061 lots, including 9,874 switches. The May/ July switch finished the session at -2.20 up .10. The weakening dollar provided support to coffee prices as yesterday’s release of the FED minutes provided no unexpected change in policy. The Committee did comment that a temporary period of inflation modestly above 2% would be consistent with the committee’s symmetric inflation objective which did catch the attention as being dovish. Temperatures in Brazil have been a non-event as the polar air loses intensity in south-central Brazil. This polar air mass did hamper the formation of charged clouds which will bring more dry weather in the coming days. The Certified washed Arabica coffee stocks held against the New York exchange decreased minimally by only 275 bags to register stocks at 2,010,686 bags.

DJ Liffe Coffee Review

LONDON, May 24 - Turnover was the lowest for the week in London as a breach of yesterday’s lows failed to ignite a fresh wave of downside momentum, consigning values to operate firmly within the middle of the intermediate trading range ...
LONDON, May 24 - Turnover was the lowest for the week in London as a breach of yesterday’s lows failed to ignite a fresh wave of downside momentum, consigning values to operate firmly within the middle of the intermediate trading range thereafter. With commercial participation on either side of the market thin, much of the session played out at a lethargic pace as an early test lower failed to generate significant downside traction. The early rejection through yesterday’s lows encouraged early shorts to cover with additional buying emerging as flat prices tracked moderate strength in the ‘C’ contract, fuelled by short covering ahead of the upcoming long weekend. Much of London’s traded volume came via the structure, with 1500 lots of July/Sep trading as values continue to hold around $12 premium. With both London and New York terminals closed on Monday, commercial flow is once more expected to be lacking as the trading week draws to a close. With values currently holding a $1799-$1722 range, traders will continue to monitor the build-up of option open interest on either side of the market. The July $1800 strike shows 5,376 lots of calls resting open, whilst 3,155 lots of puts rest open at the $1700 strike, as traders eye a move either side of these strikes in order to draw fresh momentum into London.

Opening Quotations on: 25.05.2018

EUR / $
1.1695
£ / $
1.3345
CHF / $
0.9917
BRL / $
3.6481

Market News

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