Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Posted by Tango
on June 25, 2020, 6:45 am
Slight selling at the opening established the low so far and the market has been trying to recover since in a quiet session. Yesterday the market behaved in a typical fashion of late. The strength that we saw was insufficient for the sellers, likely new and old, and the market lost all its gains and plus. But part of the weight on the market was due to the put volume and possibly the Real weakness, although there was no forward selling. Nevertheless, the market can be described as a steady but a struggling one. 8:00 will likely again bring spec buying and selling by funds fund. Forward buying begins a penny lower or so from current levels.
Currencies are mixed and rendering a higher $Index. USDMXN is 22.818 +0.0408 (+0.18%), USDCOP is 3,725.75 -1.37 (-0.0368%) and USDBRL is just about unchanged on the CME from the spot close of 5.3476.
Bond futures are are higher and equities are slightly lower. Gold shied away from 1800.00 and us lower. Crude is lower and grains are mostly lower. Cocoa is higher, cotton lower and sugar unchanged.