Arabica fell 195 points to 125.20, wiping out a midday meltdown and settling with the VWAP and the bulk of early North American trading prices. Volumes were the lowest of the year, even with the aid of frenzied trading as prices plunged from 125.15 to a 123.40 low before digging out of the hole en route to the mentioned settle. It was an opportunity wasted for the bulls as the BRL outperformed, trading around 1% stronger as KC plummeted. Market also posted its second lower close since last Friday and traded back through the 9 day MA and Mid Bollinger band on the aforementioned selling before settling back above both. Certs witnessed another increase of 14,795 bags (Brazils) while pendings dropped to 102,143. Robusta fell victim to another day of thin volume, settling at 1340, down $8 with H/K remaining unchanged at -10.
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