Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The OI is clearer as to what’s going on in the market. There was spread activity which seems to be liquidation but the larger part is short covering and long liquidation in both markets. Buyers are systems and other shorts and sellers are mostly commercials. There was EFP activity that extended to Mar20. It is new business and origin, imo. Today we have a seemingly quiet market with shorts continuing to buy from longs making the market moderately steady. But it’s a sloth. USDBRL is 3.5486 -.0047.