Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The OI again showing short covering and long liquidation amidst spreads and EFP postings extending across the board. Some EFP are increasing the OI which may represent origin selling. However, there was good EFS action as well. The market continues to be laden with longs liquidating but likely there is new activity as well. Although the weakness is present, the market manages to show strength as systems continue to cover. The $ has recovered from earlier weakness and is now strong but so is the Real as the USDBRL is 3.2588 + .0017. Today Kc feels weaker than usual.