COFFEE
General CommentsFutures were mixed on Friday, and a little higher for the week in New York and closed near the lows of the recent trading range. London was slightly lower on Friday and held support areas on the daily charts. London was little changed for the week. Both markets are looking for news to cause a move in either direction. The charts present a sideways appearance for now and speculators remain very short, but have been starting to reduce part of those positions. However, they anticipate big crops from Brazil and from Vietnam this year and have seen no reason to cover the short position in a big way. New York traders are noting the good weather currently being reported in Brazil and expect another bumper crop. However, ideas of a huge crop might now be part of the futures price. There were reports from London of increased Vietnamese selling, but these were not verified. The Tet holiday is no ending, so offers should start to increase. The situation seems little changed in Latin America. There are reports of short crops in parts of Central America and some areas in South America due to the lack of farmer investment from the low prices. Honduras has been a very active exporter and offers from most other countries are seen. Differentials in Central America are low.
Overnight News: Certified stocks arelower today and are about 1.890million bags.The ICO composite price is now 113.21 ct/lb. Brazil will get daily chances for showers. Temperatures should be near to above normal. Colombia should getisolated showers. Central America and southern Mexico should get isolated showers or dry conditions. Vietnam will get mostly dry weather, but some storms are posible in the far south. Temperatures should average near toabovenormal.ICS said that 0 notices were posted for delivery today and that total deliveries are the month are now 1,254 contracts.
Chart Trends: Trends in New York are mixed to down with objecgtives of 118.00 May. Support is at119.00, 116.00, and 113.00May, and resistance is at 124.00, 126.00 and 128.00 May. Trends in London aremixed. Support is at 1730, 1720, and 1680May, and resistance is at 1790, 1800, and 1830 May.
COT -- Supplemental Report - Option and Futures Combined Positions as of February 20, 2018
: Reportable Positions : Nonreportable
:---------------------------------------------------------------------------------------- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
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COFFEE C - ICE FUTURES U.S.
CFTC Code #083731 Open Interest is 254,798
: Positions :
: 38,721 97,275 54,320 94,166 86,179 48,969 7,356 236,176 245,129: 18,622 9,669
: Changes from: February 13, 2018 (Change in open interest: -4,284) :
: 2,575 13,393 -4,666 -4,693 -12,241 -325 -1,840 -7,109 -5,354: 2,825 1,070
: Percent of Open Interest Represented by Each Category of Trader :
: 15.2 38.2 21.3 37.0 33.8 19.2 2.9 92.7 96.2: 7.3 3.8
: Total Traders: 516 Number of Traders in Each Category :
: 169 155 130 131 108 28 20 390 364:
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DJ ICE Commitments: ICE Europe Robusta Coffee Futures/Options
Commitments of Traders-Options and Futures
Combined Positions as of 02/20/2018
Reportable Positions
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Producer/Merchant/
Processor/User Swap Dealers
OI Long Short Long Short Spreading
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ICE Robusta Coffee Futures and Options - ICE Futures Europe
145,452 79,416 71,712 7,190 2,417 5,951
Percent of Open Interest Represented by Each Category of Trader
100.0% 54.6% 49.3% 4.9% 1.7% 4.1%
Number of Traders in Each Category
159 54 50 12 7 13
Reportable Positions
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Managed Money Other Reportables
Long Short Spreading Long Short Spreading
===============================================================================
14,658 29,279 10,898 1,439 442 20,461
Percent of Open Interest Represented by Each Category of Trader
10.1% 20.1% 7.5% 1.0% 0.3% 14.1%
Number of Traders in Each Category
19 31 17 13 7 17
Nonreportable Positions
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Long Short
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5,438 4,292
Percent of Open Interest Represented by Each Category of Trader
3.7% 3.0%