Coffee Traders' Forum

covered my cheap puts, now standing aside
By:jurgens
Date: Wednesday, 27 January 2010, 11:01 am

I'm still bullish on sugar, which is even a better buy this week.

I'm friendly to coffee fundamentals, and think this washout was needed. Cannot rush in on long side here though, environment is not conducive to such. (it's hard to catch a falling knife).

Looking to perhaps acquire some call spreads in some softs today, but not being aggressive. More selling likely late in the day.