feburary 6,2023.

Arabica coffee futures tested both sides of the range consolidating with a 290-point positive settle at 175.70 cents a pound. New shorts entered the market on Friday, we saw some covering today before OI with NY coffee prices up early testing short term resistance at 176 and later breaking the Nearby support at the 172 regions where buyers stepped in to consolidate the in between the 8 day and the 100-day moving average at 173.95 and 177 respectively. The markets in general seem to still be digesting the non-farm payrolls data and the dollar strengthening. Traders keep waiting for the COT with data delayed following the ransomware attack on ION Trading UK. No change in certified stocks today.  
 
Robusta MAR23 contract settled at $2038 +7 with a 2045/2020 range. Quiet session with no notable commercial activity on either side. Flat price managed to hold intraday tech levels ($2035). Volumes hovered around the 8k level on May23 which is now considered the most liquid contract. Mar/May saw 4.5k lots trade between -3/+5. Mar23 2025 puts vs 2036Δ44 traded 2000x @ 29, CSO - ICEU - Jul23/Sep23 -80 calls vs 25Δ100 traded 1000x @ 107, Sep23/Nov23 40/80 call spread vs sell 0 put traded 1000x @ 2.