EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 22.08.2017 Coffee Closing 21.08.2017

New York 18/08 21/08   High Low
SEP 17 128.05 126.40 -1.65 128.95 126.00
DEC 17 131.70 130.15 -1.55 132.60 129.80
MAR 18 135.30 133.70 -1.60 136.15 133.35
MAY 18 137.65 136.00 -1.65 138.35 135.65
JUL 18 139.85 138.25 -1.60 140.55 137.90
SEP 18 142.00 140.45 -1.55 142.70 140.20

Sales: 52,740 lots

London 18/08 21/08   High Low
SEP 17 2116 2141 +25 2149 2115
NOV 17 2101 2119 +18 2131 2098
JAN 18 2066 2080 +14 2093 2063
MAR 18 2052 2067 +15 2078 2049
MAY 18 2056 2069 +13 2079 2053
JUL 18 2074 2086 +12 2096 2086

Sales: 15,837 lots

DJ Ice Coffee Review

NEW YORK, August 21 - Arabica coffee futures fell Monday on liquidations ahead of the first notice day. The benchmark position for September delivery closed 165 points lower at 126.40 cents a pound. Volume reached 52,736 lots including 15,762 ...
NEW YORK, August 21 - Arabica coffee futures fell Monday on liquidations ahead of the first notice day. The benchmark position for September delivery closed 165 points lower at 126.40 cents a pound. Volume reached 52,736 lots including 15,762 switches. The active September/December switch widened to end at 3.80 cents. With one session before the delivery period, interest buying seems disappearing. The dollar fell 0.44 % as investors remain skeptical that the Federal Reserve will increase rate for a third time before the end of the year. Traders are expecting comments from the FED President Janet Yellen on Friday at the annual economic symposium in Jackson Hole, despite that apparently, there are not big shifts expected in monetary policies. The Brazilian real was affected by the crude oil prices that declined 0.2 %. The crude oil declined as producer nations meet to review output-cut agreements. The markets in Colombia were closed. Wednesday is the September contract first notice day.

DJ Liffe Coffee Review

LONDON, August 21 - The Dec/Nov arbitrage narrowed further as London defied weakness in New York to build on Friday’s strong settlement. Early technical strength saw values move above Friday’s high at $2104 and then the 20-day moving average at ...
LONDON, August 21 - The Dec/Nov arbitrage narrowed further as London defied weakness in New York to build on Friday’s strong settlement. Early technical strength saw values move above Friday’s high at $2104 and then the 20-day moving average at $2110, although the move once more failed to attract Asian selling back into the market. The structure aided the feeling of short term strength in London as the Sep/Nov strengthened to $24 premium through 3300 lots whilst the Nov/Jan moved out to $40 premium, a high last seen in mid-June. Participants will now look for an increase in volume if this recent move higher is to materialize into a serious test to the top of recent trading ranges ($2150-$2170 basis Nov17). Weakness in New York prevented a further test to the upside as the Dec/Nov spread weakened through 34.50 and continues to be closely monitored. This week’s COT data was released showing a 4331-lot reduction to the managed money net long which stands at 20,789 lots long. The Merchants reduced its net short by 5259 lots, largely a result of 4755 lots of short covering with the net Merchant short now standing at 20,275 lots short.

Opening Quotations on: 22.08.2017

EUR / $
1.1792
£ / $
1.2876
CHF / $
0.9649
BRL / $
3.1623

Market News

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