Daily Coffee Report, Jun, 08th.

Nybot

July coffee contract ended at 133,55, with 45 points higher and ranged between 132.80 and 134.10.Operating in a 130 points range, the coffee price on this Tuesday worked with slight upward movement correction compared with last session. In the morning, the negativity of the externalenvironment led the commodity to brand the daily minimum at 132.80, however with the improvement of international situation, especially the euro against the dollar, the grain began to show a recovery and sought the 14 and 40 days moving average levels (133.70 and 133.80, respectively), marking the daily highest above these levels at 134.10. Feeling some sales volume, mainly purchased realizations, the coffee returned to work below the moving average and closed up theday at 133.55. Let the impression that the improvement of the external environment and the euro makes us the idea that coffee could fetch levels around135.00, which, if broke it, large amount of stops could be active to cover 135,00 calls, that expire on Friday showing 3.646 opened position. In the case of puts,the emphasis is on the 130,00 strike with 3.490 opened positions. The 40, 100 and 200 moving average is located respectively at 133.80 / 135.60 and 138.50. Accordingto Cecafé, May shipments totalized 98.568 bags, a decrease of 41,8% over the same period the previous month. July Liffe coffee close today at 1341, with 03 points higher, in a range between 1335 and 1345.

Pysical Market

The physical coffee market work with same levels but quite Offers for coffee harvest 09/10 R $ 295.00 to $ 300.00; Crop 10/11 R$ 275.00 R $ 280.00, with 15% of grooming, and coffee with 20% grooming R $ 290.00 to 295.00, yield 09.10 and $ 270.00 to 275.00 harvest 10/11.

BM&F

BM&F Arabica coffee settlement for Set/10 was U.S. $ 158,20 with 0,50 higher, totalizing 2.071 contracts of volume. Spreads of Set / Dec traded@ 1,25 to1,40;Z/H @ 1,20 to 1,50. Arbitrages of U/U @ -15,00 to -15,50;U/Z @ -16,80 to -17,20;Z/Z @ -15,20 to -15,70 . Today the coffee market worked all day without many oscillations, working from 157.50 to 158.80, that due to low market volatility that we find in NY. The dollar\’s decline over supporting to the market.