September arabica coffee (KCU26) today is up +30.75 (+9.93%), and September ICE robusta coffee (RMU26) is up +253 (+6.76%).
Coffee prices are sharply higher today, continuing the volatile price swings seen this week. After Intercontinental Exchange 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.