{
    "success": true,
    "data": {
        "id": 1547358,
        "msgid": "coffee-futures-set-to-slide-on-sell-stops-1447893297",
        "date": "1997-04-26 00:00:00",
        "title": "Coffee futures set to slide on sell stops",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "Coffee futures set to slide on sell stops LONDON (Reuter): LIFFE coffee futures pulled back after a firm start to end yesterday midsession sharply lower after trade houses stepped up selling and triggered light sell-stops on the way down. Traders said the spot May came under further long liquidation while July noted light fund buying. But scale-down roaster interest at the lows helped cushion the fall.",
        "content": "<p>Coffee futures set to slide on sell stops<\/p>\n<p>LONDON (Reuter): LIFFE coffee futures pulled back after a firm<br>\nstart to end yesterday midsession sharply lower after trade<br>\nhouses stepped up selling and triggered light sell-stops on the<br>\nway down.<\/p>\n<p>Traders said the spot May came under further long liquidation<br>\nwhile July noted light fund buying. But scale-down roaster<br>\ninterest at the lows helped cushion the fall.<\/p>\n<p>Origin sellers notably from Indonesia were seen at the opening<br>\nas the market gapped some $20-$30 higher at the start in line<br>\nwith the market expectations.<\/p>\n<p>But the gains were shortlived and the market soon attracted<br>\ntrade sellers, taking May to a low of $1,585 after triggered<br>\nlight stop-loss selling at $1,600. On Thursday, the contract was<br>\nalso pressured by sell-stops at $1,610, traders said.<\/p>\n<p>May finished the morning trade at $1,585 a ton, down $24,<br>\nwhile July gave up $14 at $1,630 after matching Thursday's high<br>\nof $1,669.<\/p>\n<p>The selling in May widened May\/July switches to $45 from<br>\nThursday's $40.<\/p>\n<p>Volume reached a modest 3,136 lots.<\/p>\n<p>Traders said the London setback would have little influence on<br>\nthe already buoyant New York arabica futures. Although New York<br>\nwas called to open 5.00 cents down on numbers, it could gap<br>\nslightly higher or slightly down.<\/p>\n<p>\"I think New York is set for further gains,\" said one. Another<br>\nsaid New York's July could test $2.00 level on the upside, after<br>\nending 4.80 cents to end Thursday at 198.20 cents a lb.<\/p>\n<p>Traders said the New York market was being supported by<br>\ncontinued nearby arabica supply tightness and the current truck<br>\ndrivers' strike in Colombia.<\/p>\n<p>Broker GNI said a hailstorm swept through Brazil's Minas<br>\nGerais coffee belt on Wednesday but the damage was very isolated.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/coffee-futures-set-to-slide-on-sell-stops-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}