EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 17.09.2018 Coffee Closing 14.09.2018

New York 13/09 14/09   High Low
SEP 18 96.40 95.45 -0.95 95.45 95.25
DEC 18 100.65 99.70 -0.95 100.85 99.50
MAR 19 104.05 103.15 -0.90 104.25 102.95
MAY 19 106.45 105.55 -0.90 106.55 105.30
JUL 19 108.85 107.95 -0.90 108.95 107.75
SEP 19 111.20 110.35 -0.85 111.35 110.15

Sales: 43,815 lots

London 13/09 14/09   High Low
SEP 18 1555 1537 -18 1555 1537
NOV 18 1500 1489 -11 1510 1485
JAN 19 1508 1497 -11 1517 1494
MAR 19 1526 1516 -10 1534 1513
MAY 19 1544 1535 -9 1552 1532
JUL 19 1561 1553 -8 1570 1550

Sales: 9,239 lots

DJ Ice Coffee Review

NEW YORK, September 14 - ICE coffee futures in the New York terminal marked their lowest close of the year, falling 95 points to 99.70 basis Dec18. The market spent most of the day pinned between the 100 and 97.5 option strikes, trading to a low ...
NEW YORK, September 14 - ICE coffee futures in the New York terminal marked their lowest close of the year, falling 95 points to 99.70 basis Dec18. The market spent most of the day pinned between the 100 and 97.5 option strikes, trading to a low of 99.50. Volume reached 43,815 contracts, including 11,805 switches. The negative weekly close will disappoint traders who believed we had seen a key reversal after Monday’s open. Political uncertainty continues to impact the Brazilian real, which opened at a low of USDBRL 4.20540 before recovering to 4.16586 in the afternoon. The latest COT (CIT) report shows the non-commercial net short position increasing by 538 contracts to 105,874. The commercial net long position was reduced by 1,416 contracts to a total 48,948. The latest Brazilian climate weather forecasts predict there will be rains over the weekend and into next week over most of the coffee growing region.

DJ Liffe Coffee Review

LONDON, September 14 - London closes the trading week under pressure to consign Wednesday’s move higher as a consolidation for the time being, as flat prices respond to further weakness in New York. Values opened amid moderate pressure as ...
LONDON, September 14 - London closes the trading week under pressure to consign Wednesday’s move higher as a consolidation for the time being, as flat prices respond to further weakness in New York. Values opened amid moderate pressure as participants responded to overnight weakness in the Brazilian Real, although an early break beneath yesterday’s lows failed to generate significant fresh downside momentum. A slight recovery higher saw values trade above the option strike at $1500 once again, although the move failed to gain significant traction following a combination of technical selling ahead of the 20 day moving average and system based selling in response to a firm U.S Dollar. The emergence of the states online prompted afternoon weakness in the ‘C’ contract, which London duly tracked lower to breach the intraday lows. Clips of scale down commercial buying continued to be eroded into the lows of the session, as traders extend buy side coverage further down the board. The action of the session sees values revert firmly to the middle of London’s short term trading range, seemingly unable to generate fresh momentum on either side of the market.

Opening Quotations on: 17.09.2018

EUR / $
1.1627
£ / $
1.3084
CHF / $
0.9669
BRL / $
4.1721

Market News

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