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What I definitely can say is that I get minimum margin at DeCarley and at RJO as an Austrian citizen. I would assume that the same is true for all citizens of the European Union.
Best regards, Myrrdin
Can you help answer these questions from other members on NexusFi?
1st Quarter Cocoa grindings for Asia and Northern America will be published on Thursday. These reports are major events for cocoa futures. European grindings have been published a couple of days ago and were ok.
Added to my long hogs position by selling the LHM P66. A turn up in pork values and seasonals should support. (Although we currently have to be careful regarding seasonals for hogs: Price action did not follow the seasonals in recent weeks. Especially there is no low in these days.)
I liquidated the LCQ P94, taking a profit of 50 to 60 %, with the intention to sell again at a lower level. Market looks overbought.
But I assume it has to do with technical traders or with supply. It is not as easy to get supply information for cocoa as for grains or beans.
Or someone knows something about quarterly grindings in Northern America, which will be published after the close.
But COT data is extremely bullish, and large traders will cover their shorts as soon as there is some bullish news.
And cocoa price broke down just before noon (Chicago time), and reversed immediately with high volume. A sign of strength.
I am optimistic now that even 1700 will hold, as long as the quarterly grindings report for Northern America is at least neutral. The corresponding reports for Europe and Asia were better than expected, probably due to the low prices.
