Coffee Traders' Forum - A Discussion about Coffee Futures Trading

Coffee Traders Discussion Forum

Coffee Traders' Forum

OI/Market *PIC*

Unchanged OI signifies new buying and long liquidation. We know that commercials were the likely buyer on yesterday’s weakness. Some longs liquidated possibly a fund or some other spec category. It may have been a one day deal. In spite of the selling the market held well. In spite of the unenthusiastic market it feels as if it has only one direction to go which is higher, with setbacks of course. The low volatility allowed me to buy some Sep volatility and out of the money calls. There’s time and Sep is a frost month. Whether there is frost or not, damage or not, the Sep will be at a premium to other months. Today the market is showing some steadiness but it is struggling. The buying needs to be consistent. RC continue to lag as the arb has gone to 43.51. USDBRL is 3.2412 unch. Other markets are quiet.