September arabica coffee (KCU26) today is up +17.00 (+5.24%), and September ICE robusta coffee (RMU26) is up +105 (+2.76%).
Coffee prices are sharply higher today for a second day and posted 2-week highs amid concern that heavy rain in Brazil will further disrupt the country’s coffee harvest and tighten global supplies. On Monday, Somar Meteorologia reported that 32.4 mm of rain, or 2700% of the historical average, fell in the week ended July 26 in Minas Gerais, Brazil’s biggest coffee-growing region.
