KC reversed yesterday’s losses chalking up a 260 point gain to settle at 102.15 basis March, saving face by closing at the top of the commodity index following yesterday’s close at the bottom. Coffee prices found inspiration in what appears to be a honeymoon rally for Bolsonaro in the Brazilian currency, as the real traded to a 7 week high. The intraday rhythm in KC mirrored that of the BRL as traders blew off yesterday’s disconnect as an aberration due to first trading day of the year paper flows. While N.Y> remains within the 98.60-104.00 trading range, London broke out to a 4 week high, accreting $26 to settle at 1526 MT and was accompanied by a 6th session of higher lows
Write something about yourself. No need to be fancy, just an overview.