The Arabica coffee for delivery in the reference month December settled 60 points higher on Thursday, at
209.25 cents a pound. Market tested to the upside in the first hours ahead of this morning’s inflation data and
earnings reports, with longer-term optimism overshadowing stagnation concerns. Unable to make new highs
the market tested to the downside as the dollar picked up after it was reported that the claims for
unemployment benefits totaled a new post-pandemic low 293K in the week ending October 9th, down from
329K the previous week and down from analyst expectations of 320K. Arabica held the previous day’s low and
concluded a positive inside day. Volume was cut in half compared to yesterday ending the session at 23,440 lots
including 4,535 switches. Brazil weather next five days rain considerably increases soil moisture in all producing
areas. This week, in addition to rainfall over southern Bahia, it will rain heavily over Paraná, São Paulo and
Minas Gerais in the second half of the week (SOMAR). Arabica certs increase 9,526 to 1,921,804. Pending
grading decrease 15,987 to 36,913. Total grading today 16,462 passed 12,535 failed 3,927.
Robusta Settle above the 8-day moving average at $2,129 operating much like Arabica. Market broke the
previous day high at $2152 in the early hours reaching $2156 attempting to test the upper Bollinger band at
$2173. The November position closed $2 Higher at $2135 per ton. Volume has been constant with 16,587 lots
including 6,396 switches as FND approaches.