EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 03.07.2019 Coffee Closing 02.07.2019

New York 01/07 02/07   High Low
JUL 19 110.15 108.25 -1.90 110.35 108.25
SEP 19 111.35 109.65 -1.70 112.25 109.05
DEC 19 114.95 113.35 -1.60 115.90 112.75
MAR 20 118.50 116.90 -1.60 119.35 116.25
MAY 20 120.55 119.05 -1.50 121.40 118.30
JUL 20 122.35 120.85 -1.50 123.10 120.15

Sales: 64,780 lots

London 01/07 02/07   High Low
JUL 19 1439 1410 -29 1410 1410
SEP 19 1474 1444 -30 1474 1440
NOV 19 1503 1474 -29 1499 1469
JAN 20 1526 1499 -27 1520 1495
MAR 20 1550 1523 -27 1544 1519
MAY 20 1573 1547 -26 1568 1543

Sales: 15,084 lots

DJ Ice Coffee Review

NEW YORK, July 02 - Arabica coffee futures for September delivery settled 170 points lower at 109.65 cents. The volume reached 64,780 lots, including 14,030 switches. Despite weather analysts continued forecasts of a chance for frost, it appears ...
NEW YORK, July 02 - Arabica coffee futures for September delivery settled 170 points lower at 109.65 cents. The volume reached 64,780 lots, including 14,030 switches. Despite weather analysts continued forecasts of a chance for frost, it appears now that the cold weather is going to affect the south areas of the coffee belt and the potential for damage is limited. Volatility will continue affecting the market as weather updates circulated ahead of the weekend. A weak Brazilian currency added pressure on the coffee prices. The real fell 0.6 % on economic news, trading at BRL 3.8800. The open interest declined again evidencing the short covering. The OI has decreased 15,595 contracts since June 24 to 260,499 contracts as of yesterday. Thursday the US markets will be closed in observance of the Independence Day.

DJ Liffe Coffee Review

LONDON, July 02 - The Robusta market falls 2% as the upside pace cools amid a softening stance from some weather agencies covering the cold front forecast this weekend. Technically the market is in danger of rolling over as values struggle to ...
LONDON, July 02 - The Robusta market falls 2% as the upside pace cools amid a softening stance from some weather agencies covering the cold front forecast this weekend. Technically the market is in danger of rolling over as values struggle to operate above the old double high/ turned breakout point at $1468 basis Sep19. Combine this with resistance found at the top of the upper Bollinger band averages whilst stochastics show signs of crossing lower, technicians will look for a retest of nearby averages resting between $1426 and $1409.

Opening Quotations on: 03.07.2019

EUR / $
1.1278
£ / $
1.2565
CHF / $
0.9859
BRL / $
3.8441

Market News

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