Coffee Traders' Forum - A Discussion about Coffee Futures Trading

Coffee Traders Discussion Forum

Coffee Traders' Forum

Market *PIC*

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.