EFICO - MARKET NEWS - DAILY MARKET NEWS

Date: 31.03.2020 Coffee Closing 30.03.2020

New York 27/03 30/03   High Low
MAR20 115.85 119.30 +3.45 120.85 116.20
JUL20 116.75 120.10 +3.35 121.15 116.75
SEP20 117.25 120.90 +3.65 121.10 117.45
DEC20 118.30 121.85 +3.55 122.00 118.30
MAR21 119.75 123.00 +3.25 123.15 119.50
MAY21 120.80 124.00 +3.20 124.00 121.05

Sales: 37,539 lots

London 27/03 30/03   High Low
MAY20 1209 1203 -6 1220 1201
JUL20 1244 1237 -7 1255 1233
SEP20 1265 1259 -6 1274 1257
NOV20 1280 1274 -6 1288 1273
JAN21 1295 1290 -5 1300 1289
MAR21 1309 1305 -4 1315 1304

Sales: 11,572 lots

DJ Ice Coffee Review

NEW YORK, March 30 - Arabica coffee closed higher today on speculative short covering. The benchmark contract for May delivery settled 345 points higher at 119.30 cents a pound, while the July position settled 335 points higher at 120.10. ...
NEW YORK, March 30 - Arabica coffee closed higher today on speculative short covering. The benchmark contract for May delivery settled 345 points higher at 119.30 cents a pound, while the July position settled 335 points higher at 120.10. Activity was slow with the volume reaching 37,670 lots, including 11,834 switches. The active May / July switch ended unchanged at -90. Specs reversed positions as the selling ended. The coffee market was helped by a general recovery of the equity and commodity markets. Certified Arabica stocks decreased 31,467 bags to 1,985,090 bags, pending 40,157 bags.

DJ Liffe Coffee Review

LONDON, March 30 - Robusta futures for May delivery close $6 lower at $1203, on a slow day with light volume, reaching only 11,572 lots. The coffee market is in a sort of limbo currently with commercial activity fizzling out as participants try ...
LONDON, March 30 - Robusta futures for May delivery close $6 lower at $1203, on a slow day with light volume, reaching only 11,572 lots. The coffee market is in a sort of limbo currently with commercial activity fizzling out as participants try to get a gauge on demand. Last week’s volatility leaves no one on firm footing. The COT showed managed money reducing their net short by 7k lots on the way to a high of $1267. The May/July spread settled at -34. As for the rest of week, a sustained rally in NY should attract arbitrage buying in the London terminal.

Opening Quotations on: 31.03.2020

EUR / $
1.1000
£ / $
1.2311
CHF / $
0.9622
BRL / $
5.1924

Market News

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