EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 20.10.2017 Coffee Closing 19.10.2017

New York 18/10 19/10   High Low
DEC 17 124.30 126.85 +2.55 128.05 124.50
MAR 18 128.10 130.60 +2.50 131.75 128.30
MAY 18 130.55 133.05 +2.50 134.10 130.85
JUL 18 132.95 135.40 +2.45 136.45 133.20
SEP 18 135.25 137.75 +2.50 138.75 135.60
DEC 18 138.70 141.15 +2.45 142.15 139.05

Sales: 35,511 lots

London 18/10 19/10   High Low
NOV 17 2000 2028 +28 2035 2004
JAN 18 1949 1973 +24 1975 1949
MAR 18 1929 1950 +21 1952 1931
MAY 18 1935 1956 +21 1956 1935
JUL 18 1961 1980 +19 1982 1970
SEP 18 1969 1986 +17 1986 1982

Sales: 21,470 lots

DJ Ice Coffee Review

NEW YORK, October 19 - Arabica coffee futures rallied Thursday on speculative short covering. The most active contract for December delivery gained 255 points to close at 126.85 cents a pound. Volume was 35,511 lots including 5,863 switches. The ...
NEW YORK, October 19 - Arabica coffee futures rallied Thursday on speculative short covering. The most active contract for December delivery gained 255 points to close at 126.85 cents a pound. Volume was 35,511 lots including 5,863 switches. The short-covering was mostly caused by technical factors. Since the Market prices did not fall, the increase in the open interest suggests that short players are in a weak position. The OI has expanded 8,457 lots since Oct 13, as prices remained to settle close to the 124 level during the same period. A firm euro added support to the market. The OI posted a new record to 231,461 lots yesterday. In Brazil weather news, good rains are expected in Parana, western Sao Paulo, Low Mogiana, Zona da Mata and southern Minas Gerais, during the weekend. After, periods of dry weather, rain showers will alternate in the coffee belt.

DJ Liffe Coffee Review

LONDON, October 19 - London tracks speculative short covering in New York to settle above short term moving averages basis Jan18. Follow through buying into the nearby structure off the opening bell immediately propelled outright values higher, ...
LONDON, October 19 - London tracks speculative short covering in New York to settle above short term moving averages basis Jan18. Follow through buying into the nearby structure off the opening bell immediately propelled outright values higher, amid a void of resting overhead selling. Turnover remained high on the Nov/Jan once more, strengthening as wide as $61 premium through 4000 lots. With a weaker USD providing a more supportive macro, London tracked a fresh wave of buying in New York to move through the 20 day moving average at $1965. Scatterings of Asian selling emerged towards the highs of the session to absorb light technical buying to leave intermediate targets higher intact, for now. Traders will target a settlement above the 50 day moving average at $1996 to maintain upside momentum heading into next week in order to test the September highs at $2010.

Opening Quotations on: 20.10.2017

EUR / $
1.1819
£ / $
1.3133
CHF / $
0.9800
BRL / $
3.1645

Market News

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