Coffee Mar '19 (KCH19)
Coffee Futures Market News and Commentary
September arabica coffee (KCU26) closed up +3.45 (+1.04%) on Tuesday, and September ICE robusta coffee (RMU26) closed down -24 (-0.63%).
Coffee prices settled mixed on Tuesday, with arabica up sharply at a 5-week nearest-futures high. Arabica rallied on Tuesday amid concerns that a massive earthquake that hit Colombia on Monday will disrupt coffee supplies from the country, the world’s second-largest producer of arabica coffee beans. Among the areas hit by Monday’s 7.4 magnitude quake were the coffee-growing provinces of Caldas and Risaralda, which account for about a quarter of Colombia’s production. Also, shipping firm Maersk said Tuesday that terminal operations in Buenaventura, which handles most of Colombia’s coffee exports, have been “temporarily suspended” and that inland road closures and traffic restrictions because of the earthquake may impact cargo movements.
Rising inventories are bearish for robusta coffee as ICE robusta inventories climbed to a 4.75-month... Read more
Barchart · Tue Aug 11, 4:42PM CDT
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Barchart · Tue Aug 11, 1:19PM CDT
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Barchart · Tue Aug 11, 1:18PM CDT
September arabica coffee (KCU26 ) closed up +3.45 (+1.04%) on Tuesday, and September ICE robusta coffee (RMU26 ) closed down -24 (-0.63%). Coffee prices...
Barchart · Tue Aug 11, 11:41AM CDT
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Barchart · Tue Aug 11, 11:21AM CDT
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