Arabica began the day with a holiday hangover, yet appeared to be the beneficiary of macro commodity allocations just after 9am EST, bursting higher on the best volume of the day not long after other commodities including sugar began their move upwards. The DXY and BRL appeared to lend support, and selling was limited until near 130.00. Origin was noted on the highs, although the volumes were relatively unimpressive. A lack of follow up buying led to KC giving back all its gains as intraday specs liquidated and origin hedgers who had missed the move rushed to take advantage. MOC buyers helped dress the windows, ultimately driving KC higher for a 55 point gain, settling 127.55. Robusta suffered a bout of selling around 6am EST, and while the outright volume only totaled around 300 lots, a lack of resting bids led to a $15ish plunge in thin conditions. Roasters continue to add length into weakness, and while prices recovered, they couldn't quite get back to unchanged, settling -7 on the day at 1749.
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