Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
We again have a diminishing OI as funds are buying their shorts back from several other sectors that are long. For the days after the COT funds appear to have covered 7,500 lots or so from longs, mostly commercial. Today the steadiness is undeniable as dips remain shallow and good numbers are taken. 400 lots are offered from 139.00 to 139.50. The arb is 42.51 as London lags. Spreads are quiet as is BRL at 3.1327. All markets appear to be quiet. Sugar and cocoa are strong.