Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The market began this morning at Wednesday’s closing level with light two way activity. The depth of market is balanced. Selling should resume from the systems funds at 8:00 but the market has had a steady bias. RC however is a drag as the arb is 46.90 and the JanMar spread has eased to 11 points. USDBRL is 3.2326 +.0091. Bond futures dropped overnight and the metals pursued even with a weaker $. Oil is steady as it is looking at the 60.00 target. Cocoa is lower and sugar is unchanged while cotton is expected to open unchanged.