Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Recalling Friday, it was a steady day with good selling. In addition to the May roll there was obviously short covering and long liquidation. It appears that both activities are occurring today. MayJul is actively trading at both the bid and offer of -1.90/-1.85. The arb is 39.06 and the USDBRL is 3.3787 +.0098. All metals are higher for the day as are all softs. The $ is weak. We are still steady but almost 1200 K puts have been purchased at the 115.00 strike. Steady but very tough. Option expiration is Friday.