Arabica closed up 215 points at 98.95, wiping out 2/3 of yesterday’s losses as follow up selling failed to materialize. Roasters again were happy buyers sub $1, adding to their already impressive length. K/N tightened a tick to -2.75 on good volume (6k+ lots), while N/U went out flat, -2.80, on 3k+ lots. Certs fell 6000 bags and remain a key focus for those looking for a turnaround spark. Substantial work on that front remains. Robusta continues to be quiet, trading a $13 range, settling up $10 as the chart again looked like a scatter plot for what seems like the infinitieth straight time. K/N creeps ever closer to level money (-4 settle, $3 tighter) with Vietnam kicking the can as prices fail to stimulate interest and Brazil remains over yonder.
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