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Posted by Tango
on November 15, 2019, 9:37 am
We see a negative change in the OI but with Dec still active in the roll and EFPs representing liquidation of hedges for physical, it is difficult to ascertain the players. Robusta shows an active roll market as well but outrights are greater in number than spreads indicating fund covering and commercial liquidation. Today we have a quiet market mostly due to the absence of Brazil participation. Prices showed some strength but are now faltering. USDCOP is 3,415.8601 -34.64 (-1.0039%) and USDBRL is 4.1666 on the CME showing a strong Real relative to yesterday’s close. The CPeso is strong as well.