Yesterday's upbeat market sentiment sees Arabica Coffee gain 2.73%

Yesterday at a glance: Coffee surges 2.73% to close at $187.95 per pound yesterday.

Uptick comes while some more positive signs for ICE Coffee are out as United States Average Hourly Earnings improved upon its previous reading of 0.3% with a new data release of 0.5%. Highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 253,000. United States Unemployment Rate came out at 3.4, better than analyst estimates of 3.6 and improving upon the previous reading of 3.5.

This rally in the Coffee future's price coincides with other Softs as Sugar is trading around $26.44 after ending yesterday's session at $25.52 (up 3.61% today). Notably, Cotton rose 2.81% yesterday and closed at $81.76. Cocoa is trading around $2,940 after ending yesterday's session at $2,904 (up 1.24% today).

Arabica Coffee has recovered 21.08% since descending to a significant low of $151.1 around 3 months ago.