
December arabica coffee (KCZ25) on Monday closed up +20.80 (+5.24%), and November ICE robusta coffee (RMX25) closed up +241 (+5.24%).
Coffee prices soared on Monday, with Dec arabica posting a contract high and nearest-futures (U25) arabica posting a 6.75-month high. Also, robusta posted a 3-week high. The lack of rain in Brazil's coffee-growing regions ahead of the critical flowering period for coffee trees is pushing coffee prices sharply higher. Somar Meteorologia reported Monday that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended September 13.