The latest Commitment of Traders report from the London Robusta coffee market has seen the Speculative Managed Money Sector of this market increase their net short sold position within the market by 5.5% over the week of trade leading up to Tuesday 1st. October; to register a short-sold position of 49,126 Lots. This net short sold position which is the equivalent of 8,187,667 bags has most likely been little changed, following the period of mixed but overall sideways trade that has since followed.
The December to January contracts arbitrage between the New York and London markets narrowed on Friday; to register this at 39.49 usc/Lb. This equates to 39.89% price discount for the London Robusta coffee market.
The Certified washed Arabica coffee stocks held against the New York exchange were seen to increase by 2,521 bags on Friday; to register these stocks at 2,266,108 bags. There was a larger in number decrease to the number of bags pending grade to this exchange, by 4,108 bags; to register these pending grading stocks at 31,749 bags.
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