The Certified washed Arabica coffee stocks held against the New York exchange rose by 221 bags yesterday; to register these stocks at 1,259,974 bags. There was meanwhile a larger decrease at 3,209 bags to the number of bags pending grading for this exchange; to register these pending grading stocks at 16,418 bags.

The commodity markets were mixed in trade yesterday, the influential Oil markets slid back from the gains posted over the past few sessions and the latest round of data reported crude oil production to be higher out of most major export regions. The U.S. Dollar registered a stronger day with a positive day for Cotton, Corn, Soybean, Sugar and Platinum markets although a softer day for Cocoa, Coffee, Copper, Wheat, Gold, Silver and Palladium. The Reuters Equal Weight Continuous Commodity Index that is made up from 17 markets is 0.015% higher; to see this Index registered at 425.659. The day starts with the U.S. Dollar trading at 1.266 to Sterling and 1.072 to the Euro, while North Sea Oil is tending steady and is selling at 52.04 per barrel.

The London and New York markets started the day yesterday in a positive note in quiet opening trade, but with both markets taking a softer stance by midsession. The New York market held relatively steady at the lower levels but with both markets recovering to move back up into positive territory in early afternoon trade. This upward move attracted another round of hefty speculative selling activity back to the New York market in the latter part of the day, to see this market lose all the ground covered on the day and settle at the lows on the day. The London robusta market had limited time to react to the latter day softer trade, and this market which had slid into negative territory toward the close, finished with some of the recovery from the lows, intact. The close yesterday in both markets after a fair volume day, registered a softer day overall and a close in negative territory, as follows:

LONDON ROBUSTA US$/MT NEW YORK ARABICA USc/Lb.

JAN   2039 – 25                         DEC  137.95 – 2.25
MAR 2032 – 11                         MAR 142.00 – 2.50
MAY 2041 – 9                           MAY 144.30 – 2.55
JUL   2046 – 9                           JUL   146.45 – 2.55
SEP   2051 – 9                           SEP   148.45 – 2.55
NOV 2056 – 9                           DEC  151.40 – 2.50
JAN   2058 – 9                          MAR 154.00 – 2.50
MAR 2068 – 9                           MAY 155.60 – 2.35
MAY 2084 – 9                           JUL   157.00 – 2.10
JUL   2102 – 9                           SEP   158.25 – 2.05