After closing the previous trading day at $158.55, Coffee is up to $160.1 per pound, which makes for a move of 0.98%/$1.55 today.
Meanwhile, United States 2-Year Note Auction released today at 18:00 UTC with a figure of 4.139, while the previous figure was 4.373. United States Services PMI came out at 46.6, while a consensus of analysts was expecting 45. United States Manufacturing PMI released today at 14:45 UTC with a figure of 46.8, while the previous figure was 46.2.
This rally in Coffee's price coincides with other Softs as Sugar is up 0.81%.
Meanwhile, Cotton closed at $86 (down 1.59%). Cocoa is down to $2,594, losing $14, after closing at $2,608 in the preceding trading session.
Furthermore, the market is looking at United States Crude Oil Inventories expected to decline to 1.6 million while its preceding data was 8.41 million, data will be available tomorrow at 15:30 UTC.
The Coffee future is now trading 4.93% above the significant low ($151.1) it slumped to 7 days ago.