Coffee Traders Forum
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Re: Spread manipulation.
I am not 100% convinced that this has not meaning. Who is allowed to trade now Dec contract? Traders with connection to physical market? Backwardation in Cocoa market of $90 in 2 days after FND was very bullish.
I still do not have explanation why carry is so high on coffee market. Sometimes over 15% YoY! What covers this huge cost?