EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 13.07.2018 Coffee Closing 12.07.2018

New York 11/07 12/07   High Low
JUL 18 109.20 108.70 -0.50 108.70 108.70
SEP 18 112.05 111.55 -0.50 113.35 111.35
DEC 18 115.60 115.10 -0.50 116.80 114.90
MAR 19 119.25 118.70 -0.55 120.40 118.50
MAY 19 121.75 121.15 -0.60 122.80 120.95
JUL 19 124.15 123.55 -0.60 125.20 123.40

Sales: 40,174 lots

London 11/07 12/07   High Low
JUL 18 1752 1780 +28 1780 1780
SEP 18 1672 1681 +9 1691 1669
NOV 18 1662 1666 +4 1674 1659
JAN 19 1662 1665 +3 1671 1658
MAR 19 1672 1674 +2 1681 1669
MAY 19 1684 1686 +2 1693 1680

Sales: 24,054 lots

DJ Ice Coffee Review

NEW YORK, July 12 - Arabica coffee futures settled lower Thursday as specs continued to add short positions. The most active contract for September delivery settled 50 points lower at 111.55 cents a pound. The market was boosted during the ...
NEW YORK, July 12 - Arabica coffee futures settled lower Thursday as specs continued to add short positions. The most active contract for September delivery settled 50 points lower at 111.55 cents a pound. The market was boosted during the morning on short covering, but a weak real induced sales. Open interest increased 7,153 lots from the previous session, standing now at a new record of 296,809. Data published today by CECAFE showed Brazil exports of green coffee during the 2017/18 season fell 8.5 % to 26.82 million bags. According to Safras & Mercado, the current 2018/19 crop was 31% sold as of July 10, 4% higher than same period last year. A higher dollar has helped producers to close forward contracts. Harvest is now 53% completed, S&M added. Next Monday, GCA will publish the US green coffee inventories at the end of June. Last year inventories rose 180,422 bags during June. The five-year average change is an increment of 169,000 bags for June.

DJ Liffe Coffee Review

LONDON, July 12 - A relatively subdued session in terms of flat price action in London as primary focus shifts to spot month action as we head further through the July18 delivery month. With values having retracted firmly to within the middle of ...
LONDON, July 12 - A relatively subdued session in terms of flat price action in London as primary focus shifts to spot month action as we head further through the July18 delivery month. With values having retracted firmly to within the middle of the intermediate trading range following yesterday’s weakness, commercial interest was limited throughout as flat prices struggled for momentum in either direction. The structure generated much of the turnover with 4,510 lots of July18/Sep18 spreads trading as spot month action picked up pace following a quiet start to the delivery period. The spot month spread went on to trade 4,510 lots with values strengthening into $100 premium. With 7,314 lots of open interest carried into the session traders will maintain a close eye on further spread based activity whilst there were zero tenders for the session. The Sep/Nov spread drew strength from the spot structure to lift into $17 premium through 3,907 lots. Reasonable options volume traded with much of the interest coming into Sep and Nov based out of the money calls as open interest builds above current market values. Traders will look for a weekly settlement above $1710 basis Sep18 tomorrow in order to ignite fresh upside momentum into next week, although further pressure is expected out of origin if values lift, with sellers so far having remained reluctant in tracking values lower.

Opening Quotations on: 13.07.2018

EUR / $
1.1653
£ / $
1.3162
CHF / $
1.0034
BRL / $
3.8808

Market News

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