September arabica coffee (KCU26) on Thursday closed up +38.10 (+12.30%), and September ICE robusta coffee (RMU26) closed up +302 (+8.07%).
Coffee prices settled sharply higher on Thursday, continuing the volatile price swings seen this week. After Intercontinental Exchange (ICE) raised margin requirements for coffee futures trading earlier this week, liquidity has dried up, prompting many commodity funds to close their positions and leading to excessive one-way price moves.