Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Another big increase in the OI indicating new buying and new selling. If these increases are due to strictly commercials buying from systems then we have seen this movie before. However imo the increase is too great for a the 9day period, around 23k lots, to be just these two sectors. I believe that there is other new buying and new selling. This set up is not necessarily bullish. Forward buying continues however . This could be consumer related which would be a big positive for the upside. Arb is indicating a relatively weaker KC at 35.52 and NovJan has eased to 27. BRL is around unchanged at 3.1347. Bond futures have dropped as one Fed pres after another is predicting higher rates coming, accompanied by inflation.