EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 01.12.2017 Coffee Closing 30.11.2017

New York 29/11 30/11   High Low
DEC 17 129.60 126.30 -3.30 130.30 126.25
MAR 18 132.20 128.50 -3.70 133.00 127.75
MAY 18 134.40 130.65 -3.75 135.20 129.95
JUL 18 136.65 132.90 -3.75 137.25 132.20
SEP 18 138.90 135.10 3.80 139.55 134.45
DEC 18 142.20 138.45 -3.75 142.70 137.75

Sales: 40,747 lots

London 29/11 30/11   High Low
NOV 17 1793 1793 - 1810 1793
JAN 18 1766 1726 -40 1780 1721
MAR 18 1759 1724 -35 1770 1719
MAY 18 1769 1736 -33 1780 1732
JUL 18 1800 1766 -34 1800 1764
SEP 18 1807 1773 -34 1801 1773

Sales: 18,929 lots

DJ Ice Coffee Review

NEW YORK, November 30 - Arabica coffee futures closed lower today on speculative liquidation. The most active contract for March delivery lost 370 points to 128.50 cents a pound. Volume increased to 40,747 lots, including 3,628 switches. ...
NEW YORK, November 30 - Arabica coffee futures closed lower today on speculative liquidation. The most active contract for March delivery lost 370 points to 128.50 cents a pound. Volume increased to 40,747 lots, including 3,628 switches. Disappointment when the prices couldn’t hold above yesterday’s highs prompted the speculative selling. A general drop of the commodity complex added the bearish sentiment. The Bloomberg commodity index was down 0.84%. Book squaring at the end of the month added pressure on the prices. From Honduras, coffee producers expressed concerns regarding the political situation after the recent presidential elections.

DJ Liffe Coffee Review

LONDON, November 30 - The positive price action of the last couple of sessions appears to be a consolation for the time being with a combination of continued Asian selling and weakness in the ‘C’ contract resulting in flat pries slipping lower ...
LONDON, November 30 - The positive price action of the last couple of sessions appears to be a consolation for the time being with a combination of continued Asian selling and weakness in the ‘C’ contract resulting in flat pries slipping lower once more. Early technical buying initially absorbed good volumes of resting, sale-up origin selling although soon ran into chart based resistance around $1780. Weakness in the nearby structure encouraged pressure into the outrights, with the Jan/March trading back into $1 premium through 5000 lots amid continued Asian selling pressure. Most participants anticipate the Jan/March to weaken further over the coming sessions to trade into a discount. A fresh wave of selling retuned as the States emerged online, tracking afternoon weakness in the ‘C’ contract into a void of resting support. Technicians will note a bearish engulfing pattern and will now target a weekly settlement at the $1700 option strike in order to encourage a further selling pressure into next week. The Nov17 delivery period drew to a close with 75 tenders and 16 re-tenders. Monthly totals for the delivery month stand at 4442 lots tendered with 40 lots re-tendered.

Opening Quotations on: 01.12.2017

EUR / $
1.1925
£ / $
1.3510
CHF / $
0.9827
BRL / $
3.2711

Market News

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