Arabica coffee trading on ICE Futures US jumped to an eight-week high in early trade on Wednesday, in a commodity-wide rally as the dollar fell, while cocoa futures got an additional fundamental boost, traders said. Arabica coffee for December delivery surged 3.85 cents, or 2.6 percent, to $1.5180 per lb, a high last seen July 3, by 9:14 am EDT (1314 GMT).
The session range ran from $1.4775 to $1.5225 a lb. December volume was at a heavy 9,017 lots by 9:15 am Benchmark December cocoa jumped $88, or 3.1 percent, to $2,972 a tonne by 9:17 am. Range spanned $2,900 to $2,986 a tonne.
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