EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 25.05.2020 Coffee Closing 22.05.2020

New York 21/05 22/05   High Low
JUL20 104.75 103.60 -1.15 105.15 102.35
SEP20 106.30 105.20 -1.10 106.70 104.05
DEC20 108.40 107.35 -1.05 108.65 106.25
MAR21 110.35 109.40 -0.95 110.65 108.25
MAY21 111.35 110.50 -0.85 111.65 109.50
JUL21 112.45 111.70 -0.75 112.70 110.80

Sales: 43.056 lots

London 21/05 22/05   High Low
JUL20 1189 1207 +18 1212 1182
SEP20 1212 1228 +16 1233 1205
NOV20 1233 1247 +14 1252 1225
JAN21 1254 1267 +13 1271 1246
MAR21 1277 1287 +10 1291 1269
May21 1300 1308 +8 1308 1290

Sales: 18.172 lots

DJ Ice Coffee Review

NEW YORK. May 22 - Arabica coffee futures closed lower Friday in speculative switch related selling. The active July contract settled 115 points lower at 106.30 cents a pound. Volume reached 43056 lots including 11950 switches. The active nearby ...
NEW YORK. May 22 - Arabica coffee futures closed lower Friday in speculative switch related selling. The active July contract settled 115 points lower at 106.30 cents a pound. Volume reached 43056 lots including 11950 switches. The active nearby July – September switch traded down to -1.70, triggering the speculative selling. After trading, on par with activity observed at the end of March, the recent weakening of the structure could indicate that the short-term shortage that had boosted the switch may be easing. The strengthening of the dollar added pressure on commodity prices today. The Brazilian real and the Colombian peso slipped as well. During the week, arabica prices declined 3.04 % or 3.25 cents. Prices traded most of the week inside a small range dominated by short term specs. until Friday when extended lower. The USDA began to publish the attache’s crop reports. Some analysts disagreed with the Honduras figure at 6.1 million 60-kg bags or 9.6 % higher than the previous year. After the USDA publishes all their crop estimates, we will make a special analysis ahead of the World Coffee Report on June 12. Monday, New York, and London markets will be closed on holiday.

DJ Liffe Coffee Review

LONDON. May 22 - Robusta Futures finished strong today up +18 points to close at 1207. Volume reached 18.712 lots including 4.366 switches. The july 20 /sep 20 spread gained small ground to 21 discounts on 2.578 lots. Robusta Futures finished the ...
LONDON. May 22 - Robusta Futures finished strong today up +18 points to close at 1207. Volume reached 18.712 lots including 4.366 switches. The july 20 /sep 20 spread gained small ground to 21 discounts on 2.578 lots. Robusta Futures finished the week strong closing +28 higher since Monday. The market tested the 1.182 Support following strong spec buying on the close. The next target should be the 50-day EMA at 1214

Opening Quotations on: 25.05.2020

EUR / $
1.0876
£ / $
1.2172
CHF / $
0.9733
BRL / $
5.5326

Market News

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