Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Strange market this RC is. The price action is similar to KC. Nov had previously closed at 1999, made its low on the 28th of 1921. The high was made on the last day at 2027 to close at 2021. Unlike KC, the sellers were commercials and the buyers were managed money and large traders. How do we reconcile this action to the NovJan performance which has been at a premium market for quite some time? Possibly someone more knowledgeable about RC can explain. For now RC is only a slight lagger to KC and the NovJan is steady at 30 premium.