Daily Coffee Report, April, 06th.

Pysical Market:

The physical coffee market work the day with same yesterday levels . Offers to coffees with 15% of defects between 280.00 and285,00, and for coffee with 20% of defects between 275,00 and 280,00.

BM&F:

The Sept/10 BM&F Arabica coffee settle@ 164,70 , 0,60 lower, totalizing 1.222 contracts , spreads of U/Z @ 2,40 and 2,75. Arbitrages : Set10/Set10 traded between –17,20 to -17,70; Sep10/Dez10 between -18,90 to -19,50 and Dec/Dec @ -16,90 to -17,40 . The coffee market has worked on under pressure following the fall in agricultural commodities. But buying by funds and speculators holding over the market closing with a slight drop

Nybot:

May coffee contract ended at 139,20, with 45 points lower and rang ed between 137,75 and 139.75.Without continuing the high movement, the coffee price acted during the most part of the day in a falling sharply, recording their daily minimum at 137.75, respecting the previous minimum, where found strong takeover defenses, recovering the grain up above the 100-day moving average (138.50), where worked for much part of the day. After notingsome purchase volume, the commodity has gained some breathing space to score a double top at the maximum of the day (139.75), where no strength to continue the movement, returned to the previous settlement levels up to the settlement at 139 20.

Successive increases in open positions make it clear that funds are responsible for sustaining the market at these levels. Remember that this Friday, May options will expire, with particular reference to 140 Call, with 3092 OI and 135 put, with 2009 OI, which should leave, as usual, the market somewhat more volatile. The 40, 100 and 200 moving average is located respectively at 133,90 / 138,50 and 136,60. According to Cecafé, April shipments totalized 28.881 bags 24,7% lower than over the same period the previous month. May Liffe coffee close today at 1363, with 7 points higher in a range between 1354 and 1374