Coffee Traders Forum
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Re: Commercial Shorts
I donít disbelieve you. I donít know whatís going on in the physical market but in futures it appears that consumer bids donít begin until much lower. There is , imo, origin selling however extending out to Ď23. EFPs have been posted in Sep23 today. What I think we are seeing today is more of a speculative activity. Cold weather is advertised even if there is no threat to the coffee crop. I believe that the strength today is attributed to those shorts who are squaring their books for the long US weekend. Hype counts.
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