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Re: Update on Proposed Coffee Balance Sheet
Hi. The covid issue is certainly a battle. Governments are becoming aggressive with their administration of the vaccine but the virus seems to be unabated. Brazil is suffering fiscally as a result of government reluctance in administration of the vax. Brazil is closed today but on the CME USDBRL is 5.5285 up .0619 (+1.12%). The rally to 124.95 I believe was due to the increase in the OI indicating new selling and buying.
I’m not sure that I agree with the comment, “I think that as long as the number of covid infections does not increase, investors sentiment in commodities will be more pessimistic!” I would think that the eradication of the virus would help markets. I hope you respond so I can understand better. TIA