Coffee gathered slight gains, closing 30 points higher at 106.95. Trading was choppy and while the VWAP on the day was roughly 90 points higher, a 15 minute long surge in futures from 9:15 to 9:30 boosted both the price and volume in what was otherwise a fairly subdued session. Uncertainty is high a week before the US election. Another 21,439 bags were graded today with a pass fail of 12,774/8665, Certs increased by 12,774 (1,141334), pendings (50,172). Robusta was the more dynamic market and drove the bulk of conversation. Jan futures rose $38 to 1351, spending virtually the entire session above yesterday’s high. Using the YTD range, Jan pierced the 38.2% Fibonacci retracement of 1333 in the process. XF rallied $17 on first notice day, yet even with sizeable recent gradings and 2627 lots of OI, no tenders were noted. F/H was also a gainer on the day, rallying $2 to -6.
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