EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 21.01.2019 Coffee Closing 18.01.2019

New York 17/01 18/01   High Low
MAR 19 102.40 104.95 +2.55 106.20 102.60
MAY 19 105.55 108.05 +2.50 109.20 105.75
JUL 19 108.25 110.75 +2.45 111.80 108.45
SEP 19 111.00 113.45 +2.45 114.55 111.20
DEC 19 114.85 117.30 +2.45 118.35 115.05
MAR 20 118.60 121.05 +2.45 122.05 118.80

Sales: 49,904 lots

London 17/01 18/01   High Low
JAN 19 1510 1525 +15 1525 1525
MAR 19 1535 1544 +9 1547 1527
MAY 19 1556 1565 +9 1567 1548
JUL 19 1575 1582 +7 1583 1566
SEP 19 1593 1599 +6 1600 1583
NOV 19 1612 1618 +6 1619 1613

Sales: 12,487 lots

DJ Ice Coffee Review

NEW YORK, January 18 - Arabica coffee futures for March delivery settled 255 points higher at 104.95 cents a pound. Speculative short covering ahead of the long weekend in the US boosted the action. A constructive technical performance encouraged ...
NEW YORK, January 18 - Arabica coffee futures for March delivery settled 255 points higher at 104.95 cents a pound. Speculative short covering ahead of the long weekend in the US boosted the action. A constructive technical performance encouraged the buying as well. The market will be closed on Monday in observance of the Martin Luther King holiday. Volume reached 51,792 lots, including11,246 switches. The active March/May switch narrowed to -3.05 cents. During the week, the Arabica prices recovered 0.9 %. The market appeared detached this week from bearish factors like the negative GCA report and the weakness in the Brazilian Real. Speculative buying supported the prices near the $1.00 support level. With no COT reports since Dec 18, everyone is left guessing that funds could have added a large short position during this period. The open interest has increased 21,669 lots. Dry weather in the main coffee regions of Brazil have caused some stress in the cherry growth. According with SOMAR, areas of Minas, Cerrado, Zona da Mata, and Bahia, for example, are showing accumulated rains abnormally low from yearly averages.

DJ Liffe Coffee Review

LONDON, January 18 - A combination of continued origin selling pressure and a widening arbitrage once more caps gains ahead of the recent highs in London as a strong performance in the ‘C’ contract fails to ignite the Robusta terminal. Flat ...
LONDON, January 18 - A combination of continued origin selling pressure and a widening arbitrage once more caps gains ahead of the recent highs in London as a strong performance in the ‘C’ contract fails to ignite the Robusta terminal. Flat prices held an upward trajectory for much of the session, buoyed by both recent support around the mid-term moving averages and a positive performance in New York which was driven higher by spec based short covering ahead of a three-day weekend in the U.S. Despite turnover being the highest of the week, flat prices were unable to break out of the parameters of the recent trading range as origin selling continued to weigh down on the market as a move through yesterday’s highs failed to generate a fresh wave of upside momentum. Additional selling pressure came via the arbitrage as the March/March widening over 2.50 cents for the session to trade through 35 cents to leave nearby resistance at $1559 intact as we head into the next week. People will look for shifts of open interest once figures are released on Monday morning.

Opening Quotations on: 21.01.2019

EUR / $
1.1386
£ / $
1.2871
CHF / $
0.9949
BRL / $
3.7347

Market News

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