Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Robusta COT Report
Posted by Tango
on May 31, 2019, 5:21 pm
The market dipped on the 23rd to make the low and then made its high on the following day with the 27th as a holiday. The main activity seems to be the large EFP postings which seem to have closed out both buy hedges and sell hedges. We also notice the arbitrage creeping higher as KC moved higher creating an ever increasing divergence between the 2 markets. Today the arb closed at 38.26. Other than these highlights, we have little to observe. Swap dealers increased positions on both sides and funds began to cover. For the following two days, and probably today as well, the OI continued to drop indicating more short covering and liquidation.