September arabica coffee (KCU26) today is up +1.50 (+0.51%), and September ICE robusta coffee (RMU26) is up +70 (+1.91%).
Coffee prices are moving higher today, posting 4.75-month highs. Heavy rains in Brazil have delayed the country’s coffee harvest and are raising concerns about the crop. Somar Meteorologia reported on Monday that rainfall in Minas Gerais, Brazil’s biggest coffee-growing region, was 31.3 mm of rain in the week through June 28, or 1,956% of the historical average.
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