
December arabica coffee (KCZ25) on Friday closed up +13.30 (+3.64%), and September ICE robusta coffee (RMU25) closed up +108 (+2.27%).
Coffee prices rallied sharply on Friday, with arabica coffee posting a 3.5-month high and robusta posting a 3-month high. Coffee prices continued their 3-week-long rally on Friday on weather concerns in Brazil. On Monday, Somar Meteorologia reported that Brazil's largest arabica coffee-growing area, Minas Gerais, received no rain during the week ended August 16. Reports of damage to some of Brazil's coffee crop from last week's frost are also boosting prices.