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Re: Arabica and Robusta COT Report
Hi Marco. Your argument about the non-commercial is a valid one. Commercials however are not buying at market but with resting bids. They are in no rush. They are also sellers when prices rise. My view that the buying and selling that they do is mostly delta related. In the forward buying, I believe that it is merchant/processor/roaster buying. But again, the consumer buying consists of bids below the market stretching out to Dec22. But I do hope that you and others are correct.