Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
We have a quiet market with a narrow range this morning. There was an opening salvo of selling but, typical of this market, corrections have been sparse. Yesterday, after having made the low, there were really no corrections. For the moment the market is quiet and waiting for the systems to commence buying at around 8:00. Selling is present mostly in Sep and to a lesser degree in the forward months. The arb is at 42.69 but was higher earlier. The Real was steady yesterday and BRL is slightly higher today at 3.1274. COP is 2984.75 -.25 and most currencies are slightly lower against the $. Bond futures are around unchanged, oil is a shade lower but above 50.00, gold and silver are lower and equities are higher. Sugar is lower and cocoa and cotton are higher. KC behaves as it wants to go higher but the dynamics, the players, are not supportive.