Coffee fell 280 points to 102.35 under DXY pressure for the entirety of the day, with selling led midmorning by a smattering of Brazil before specs again took the reigns. Roaster buying was modest with small picking around the edge noted well out the curve, though at least from our vantage in less than impressive volume. The BRL was volatile – more so than the DXY or Coffee – but its occasional efforts to perk up went wanting for attention from coffee. Structure did not help sentiment as H/K slipped out to -3.30. London, 1527 -21 (March), fell to its lowest levels since late September as sentiment continues to deteriorate. Final Conilon shipments for November came in at an unseasonably strong ~234k bags.
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