Yesterday, it turned out that the carnival did not have a a negative impact on either prices or volume. As today, however, there is an absence of forward selling which is associated with origin. On the contrary, there was forward buying. Speaking of May20May21, there were block trades for 650 lots in each of these months posted.
The $Index is down today as most key currencies are mostly higher. The Yuan is higher as are other BRIC currencies. The Ruble is lower together with the price of crude. USDMXN is 19.411 +0.129 (+0.67%), USDCOP is unchanged at 3455.00 and USDBRL is valued at the CME at 4.4634 but CNBC is showing a spot last trade of 4.4483 -0.0019 (-0.0427%). Since the CNBC price was posted at 6:00 a.m., the CME price is likely more reliable.
Equities are lower while metals and bond futures are higher. Grains are lower as are all the softs.
The market is holding the 111.50 level for now. 8:00 will likely bring buying.