Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
We again have a meager change in the OI. On its ow it’s new buying and new selling but it appears that there may be long liquidation taking place as well. Both yesterday and today we see a market that is trying to move higher but it is met with sellers. Bids seem to be endless however. The activity is puzzling in the sense that specs continue to sell as reports in the mainstream refer to large Brazilian and Vietnamese crops. However the commercial buyers seem to be taking advantage of the selling and may be more responsive to a less than expected crop in Brazil, based on Rabobank and Mercon.