MILANO – Il report di Ice Coffee Futures registra dei dati in crescita. La borsa vede un’Arabica in consolidamento verso l’alto, rispetto ai numeri raccolti in precedenza. La sessione di lunedì, segna invece la fine della flessione.
Ice Coffee Futures: i numeri alla mano
Vediamo quindi come si è comportata l’Arabica in borsa, analizzando le informazioni emerse dall’ultimo report di Ice Coffee Futures.
Arabica coffee futures consolidated higher Monday at the end of a slow session. The contract with the main activity for July delivery settled 130 points higher at 145.75 cents a pound.
Commercial activity was light with the Colombia market closed on holiday. And a strong real in Brazil discouraging sales. Good buying on the July-September switch was also noted. The switch narrowed 10 points to end at – 2.15 cents.
Weather news
Temperatures in the main growing areas of Brazil were expected to rise with some isolated rains during the next 5 to 7 days. The latest Commitments of Traders Report released on Friday showed that non-commercials decreased their net short position sharply to 4,091 lots as of May 7 from 12,428 on April 30.
The commercials at the same time decreased the net long position to 4,444 lots from 12,677 during the same period.
Controlled start to London this week
With the board working marginally higher into the morning in relatively light trading. An undertone of price fix buying was enough to encourage the upside as the board encountered limited origin involvement.
Structural involvement revolved around the July/ Sept; which traded into $20 to make up a decent part of the morning turnover.
The market
It spent much of the time talking about the working exposure from the managed money sector; which as of the latest report today, showed the Managed Money long being reduced again by 2,835 lots. It takes the net long down to only 2,502 if we look to the combined category.
This is the smallest exposure carried this year on the long side.
The short from the Commercial players added 1,957 taking the open position to 2,953 which also is a very small net exposure. Other Reportable traders added to the long taking the net position to 3,365 lots up towards 30% over the reporting period.
Exposure in the options have recorded interesting developments over the last week; with exposure in the 2150 Calls in July jumping to carry over 8,000 lots open.
This adds to the 11,500 lots of Calls open at 2300 to provide a ceiling to the price action for the next month in many people’s minds.
No Grading in the system for today
As we approach mid-month, with the accumulative total for this month running at 204 lots. Robusta held a relative tight afternoon range revolving around the 2050 marker which it just held into the settlement maintaining the upside bias looking for last week’s highs once again.
SCARICA QUI IL REPORT IN PDF
NTL FC Stone Coffee Group: ICE Coffee Certified Stock Report: SCARICA QUI IL DOCUMENTO PDF.
