Coffee Traders' Forum - A Discussion about Coffee Futures Trading

Coffee Traders Discussion Forum

Coffee Traders' Forum

OI/Market *PIC*

The May OI is dwindling rapidly as spreads dominate the activity. EFP posted as expected and are likely liquidating commercial longs and shorts. Commercials probably bought as the market headed for the lows as momentum funds sold. Certainly option related activity was present. The net change in the OI is down which reflects short covering and long liquidation contributed by EFP activity in part. Today we continue to see a struggling market. RC is still on the soft side. USDBRL is 3.3862 +.0128