Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Based on Friday’s price action we can conclude that funds were selling to commercial, both as new business. However, considering the increases of previous days and considering the EFP/EFS activity, the participation in the market is unclear. Friday’s COT will explain who the players are. Today the market continue on the heavy side. Volatility is easing and 486 TAS are offered. The arb is 41.50 and there is little change in the USDBRL from earlier. DX is steady, bonds are steady but equities and crude are negative, as are the metals. A generally depressed KC continues.