Oil is down $10 bbl since recent highs, erasing all post OPEC/NOPEC price gains. Market struggles to explain the selling, as not driven by fundamentals. Momentum funds are in position…
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For consumers, coffee prices are at an interesting level to layer in protection hedges. We believe ICE Arabica will outperform Robusta. Both look attractive up to 2 years out. We…
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Oil down almost $5 bbl in just 2 weeks and currently trading below the post OPEC/NOPEC deal. Options volatility (implied vols) moved higher on the price pullback. While producer (commercial)…
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ICE Arabica and ICE Robusta both closed sharply lower on what appeared to be fund selling. Futures market is now moving to major Support areas, just underneath closing values of…
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The heavy selling and volatility Wednesday was driven by the front of the curve technical positioning. Gasoline again proved to be a good “leading indicator” for crude flat price direction,…
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