Coffee continues to ascend in relatively thin conditions, settling up 230 point on the day at 124.50. Roaster buying was noted on the KC front, while cleanup activity drove robusta; of the 6505 lots in Jan 6396 were spreads. The more active March London contract saw sizeable AA’s, while Viet fixing was noted as well as futures fell $1 to 1711. On consecutive days Arabica has seemed to be the beneficiary of a sponsor, as late day buying led to strong closing prints. While traders attended the day in better volumes than yesterday, it was clear the minimum was being done in most directions. Options saw better paper interest with a handful of strategies bid, though nothing approached four digit volume and the best unique package was 300 of the H 115 / 110 PS.
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