EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 07.03.2019 Coffee Closing 06.03.2019

New York 05/03 06/03   High Low
MAR 19 96.45 95.50 -0.95 95.50 95.50
MAY 19 99.65 98.70 -0.95 100.05 98.30
JUL 19 102.30 101.30 -1.00 102.65 100.85
SEP 19 104.95 104.00 -0.95 105.35 103.65
DEC 19 108.75 107.80 -0.95 109.10 107.45
MAR 20 112.50 111.60 -0.90 112.90 111.25

Sales: 31,929 lots

London 05/03 06/03   High Low
MAR 19 1511 1516 +5 1517 1515
MAY 19 1527 1532 +5 1534 1526
JUL 19 1538 1540 +2 1543 1535
SEP 19 1554 1555 +1 1558 1550
NOV 19 1570 1571 +1 1574 1566
JAN 20 1586 1587 +1 1591 1585

Sales: 7,965 lots

DJ Ice Coffee Review

NEW YORK, March 06 - The “C” declined today, largely affected by the Brazilian currency’s devaluation of more than 1.6% as traders returned from the Carnaval festivities in Brazil. The benchmark May coffee contract fell 95 points to settle at ...
NEW YORK, March 06 - The “C” declined today, largely affected by the Brazilian currency’s devaluation of more than 1.6% as traders returned from the Carnaval festivities in Brazil. The benchmark May coffee contract fell 95 points to settle at 98.70. The volume was light for most of the session, but increased as the Brazilian currency reopened at 11 AM EST. A total of 31,929 lots traded, including 6,751 switches. The market also fell prey to long liquidation from technical traders after the market failed to break yesterday’s high of 100.25. On the weather front for the next 5 days in the producing areas of Brazil there is erratic rain coverage and an increase in temperatures between Parana and the Southeast region forecasted.

DJ Liffe Coffee Review

LONDON, March 06 - One could have been forgiven for thinking that the Robusta market was enjoying some kind of unofficial holiday today, such was the extent of both the range and the turnover. With just $7 between high and low, today represents ...
LONDON, March 06 - One could have been forgiven for thinking that the Robusta market was enjoying some kind of unofficial holiday today, such was the extent of both the range and the turnover. With just $7 between high and low, today represents an ‘NR7 day’ (narrowest range in seven trading sessions) and is often a precursor to more volatile action. At barely just over 8,000 lots, the volume too was down at levels not seen since late January and marks a fresh low in what has already been a subdued period for the London board. The problem seems to be that with the industry well covered the only buyside interest is coming from frustrated managed money shorts – lifting positions in the pursuit of a greater ‘bang for their buck’ while nervous origin sellers adjust overhead scales to market, neatly maintaining the equilibrium.

Opening Quotations on: 07.03.2019

EUR / $
1.1309
£ / $
1.3169
CHF / $
1.0049
BRL / $
3.8389

Market News

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