Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Maybe not. Open interest went up every day except one since the Tuesday 10/3 report. Total OI was 18,663 on 10/3 and 216,316 as of 10/10. Also increased meaningfully yesterday. Volume is one thing and OI is another.
Daily increases for the five trading day Wed -Tuesday period are below.
While not part of the upcoming report, open interest was up 4,710 yesterday, 10/11
Not only do I hope you are right about the weather, I HOPE IT IMPACTS PRODUCTION. Very different issues. This market cannot digest a big 18-19 Brazilian crop. Other origin production has grown meaningfully. Given that the farmers are holding product back, they better be right.