FUGA DALLO SHORT COFFEE
The latest Commitment of Traders report from the New York washed arabica coffee market has seen the shorter term in nature Managed Money Funds had decreased their net short sold position within this market in the week of trade leading up to Tuesday 15th. January, by 45.68%, to register a net short sold position of 11,075 Lots. Meanwhile the longer term in nature Index Fund sector of the market was seen to have increased their net long position within this market by 17.56%, to register a net long position of 57,310 Lots.
Over the same period the Speculative Non Commercial sector of the market was seen to have decreased their net short sold position within this market by 24.54%, to register a net short sold position of 24,144 Lots, on the day. This much reduced speculative net short sold position which is the equivalent of 6,844,717 bags of coffee is likely to have been significantly reduced over the past few days of positive overall positive trade within this market and likewise, the net short sold position of the Managed Money fund sector of the market.
The positive nature of trade within the New York market has been dominated of late by the actions of speculative short covering within this market, which has sharply reduced the net short positions of the Managed Money funds and the Non-commercial speculative sector of the market, while the Index funds have significantly extended their long exposure within this market.