Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The market still in a consolidation mood. It needs to close above todays high, at least 2 days, consecutively.
As far as Colombias production,the statement made by some one from FNC about 13.8 million or less, contradicts another recent statement by some one else from FNC few days ago, stating that the damage by rains was not that great and the crop shoud be between 14.2 and 14.8 million.
Differentials:UGQ were offered FOB between December and May between +12 and +14. The counter offer returns around 2 cents less.
Supremos 17/18 were offered between +18 and +20 for the same months and the counter offer returns also 2 cents less.
PD: I have been on vacation.