Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Early selling was followed by a soft and quiet session. The depth of market is surprisingly sparse and balanced. Systems are to come in as sellers at 8:00. Market composure seems to be that of a deteriorating condition unless renewed interest appears. A large block of selling just came in to make new lows for the morning. RC is holding relative to KC with the arb at 45.06. USDBRL is 3.2289 +.0007 and COP closed yesterday at 2889.68 -20.64. Bond futures recovered some from the recent weakness. Most currencies are lower against the $. The Aussie is the exception. Metals nevertheless are holding, except mocha’s palladium. Oil continues to climb and equities are slightly positive. Sugar and cocoa are lower but cotton feels it wants to fly. Option expiration tomorrow.