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Posted by Tango
on December 5, 2018, 9:30 am
EFP and EFS are of course reflected in the total change. The bottom line is that the OI continues to grow with new buyers and new sellers. The market continues to drift lower with little activity. Any buying has been spontaneous and has proven to be short lived, presenting a short opportunity. All markets seem to be quiet including index futures. USDBRL is 3.8738 +.0214 +.56%, and USDCOP is 3160.10 -14.10.
Robusta Jan is in liquidation mode as a premature roll continues by trade. In talking to ICE Europe regarding the suspended warehouses, the matter is being investigated.