EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 13.05.2019 Coffee Closing 10.05.2019

New York 09/05 10/05   High Low
MAY 19 89.50 89.45 -0.05 89.45 88.85
JUL 19 90.85 90.80 -0.05 91.40 90.05
SEP 19 93.10 93.10 - 93.65 92.35
DEC 19 96.55 96.60 +0.05 97.10 95.90
MAR 20 100.10 100.20 +0.10 100.55 99.55
MAY 20 102.35 102.50 +0.15 102.90 102.00

Sales: 41,455 lots

London 09/05 10/05   High Low
MAY 19 1322 1337 +15 1337 1313
JUL 19 1345 1364 +19 1372 1327
SEP 19 1364 1381 +17 1389 1348
NOV 19 1384 1400 +16 1404 1368
JAN 20 1403 1418 +15 1423 1386
MAR 20 1422 1437 +15 1437 1405

Sales: 20,765 lots

DJ Ice Coffee Review

NEW YORK, May 10 - The “C” finished slightly lower on a very subdued trading session as large speculators kept the market above the 90-cent level for today’s expiration of June options. The market did manage to break yesterday’s high of 91.30 and ...
NEW YORK, May 10 - The “C” finished slightly lower on a very subdued trading session as large speculators kept the market above the 90-cent level for today’s expiration of June options. The market did manage to break yesterday’s high of 91.30 and set a new high of 91.40 but failed to receive any follow through buying and quickly lost upside momentum. The benchmark July contract settled at 90.80, down 5 points and traded directly between the high and the low for most of the session. The volume was average at 41,455 contract which included 9,768 contracts. Today’s COT (CIT) weekly report encompasses a 515-point move lower from the Tuesday reporting period. On Tuesday May 7, the market reached the July 19 contract low of 87.60. The COT (CIT) demonstrated that non-commercials increased their net short position by 7,361, bringing them to net short 78,706. The commercial position added 5,831 contracts to bring the net long 24,229.

DJ Liffe Coffee Review

LONDON, May 10 - Robusta builds on the previous session positivity, ending the session 1.75% higher amid easing pressure out of the commercial sector. A rather erratic opening saw values open $7 lower and instantly drive down to $1327 basis July ...
LONDON, May 10 - Robusta builds on the previous session positivity, ending the session 1.75% higher amid easing pressure out of the commercial sector. A rather erratic opening saw values open $7 lower and instantly drive down to $1327 basis July 19, which appeared to be a speculative response against overnight news covering escalating US/China trade tariffs. However, the market almost instantly bounced back to unchanged on virtually zero volume, before setting into a $19 range ($1347 - $1328) into the mid-session awaiting direction from the US markets/participants. This did not materialize as the ‘C’ contract struggled to move away from unchanged, but once again commercial pressure into Robusta was noted more by absence triggered a second wave of short covering into weekend, forcing values to drive above the previous high ending the session $24 higher at $1364. The July19/Sep19 spread continued to operate around $20 discount after moving from the monthly high of $13 discount. Most participants would assign this weakness to the fact that recent fund short covering will reduce the volume of shorts required to be rolled into Sep and also ongoing flow of Brazilian Conillon to the board.

Opening Quotations on: 13.05.2019

EUR / $
1.1228
£ / $
1.3002
CHF / $
1.0102
BRL / $
3.9564

Market News

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