Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
I would agree, the 1.26 as promised produced some stops to the downside. An immediate bounce back , but now we see the market again drifting. 12580 last.
TAS continues to swell (-591) and I think it is safe to assume the TAS is related to the re-balance. We know the re-balance for KC is to add in the vicinity of 10k contracts. Despite the offer on TAS, it is likely related.
US$ continues very strong. US$/BRL : 3.2428 +0.0136 .