Coffee Sep '18 (KCU18)
Coffee Futures Market News and Commentary
July arabica coffee (KCN26) on Tuesday closed up +1.65 (+0.61%), and July ICE robusta coffee (RMN26) closed up +63 (+1.82%).
Coffee prices climbed to 1-week highs on Tuesday and settled higher on global weather risks. Â Robusta rose sharply amid dry weather in Vietnam, which is raising concerns about the country's robusta coffee crop. Â Weather forecaster Vaisala said recent showers in Vietnam's Central Highlands, the country's main growing region, have been spotty, and more rain is needed to aid cherry growth.
Concerns that an El Niño weather pattern could hurt Brazil's coffee crop next year are also supportive for prices.  Coffee trader Commercial said the El Niño weather pattern may delay rains in Brazil this September and October, when tree flowering normally occurs, hurting Brazil's 2026/27 coffee crop.  The US National Oceanic and Atmospheric Administration (NOAA) estimates  a 82% probability that El Niño conditions will emerge between May and July and persist throug... Read more
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