Softs close mixed: cocoa up, arabica coffee down 2.76%

The split inside coffee is the real signal here: arabica's drop alongside gains in coffee "C" and robusta points to contract- or spread-specific pressure rather than a broad demand shift, so the arabica move may say more about positioning than about fundamentals. Cocoa's continued strength, with both New York and London higher, keeps the softs complex's two-way tone intact while cotton's decline and modest sugar gains round out a genuinely mixed session. Whether arabica's weakness persists or converges with the firmer coffee contracts is the open question worth tracking.