Coffee news

ICE Coffee futures settled higher despite lower markets across the board, supported by technical and last minute industry buying before September’s first notice day this coming Monday. The most active contract for September delivery rose 215 points to settle at 177.30 cents a pound. Volume was boosted by spread trading a large amount of AAs and Bank Repos (8,276). Support and resistance for December coffee stand at 175.00 and 183.00 cents per pound respectively.

London Robusta futures finished almost unchanged amid a slow, low volume session. The nearby September contract lost $1 while November lost $2 to settle at $1711 and $1751 per metric ton respectively.

• FND for September NY coffee is next Monday August 23rd
• Certified Stocks up 3,913 to 2,047,549 Pending 14,982 bags
• Brazil green coffee exports totaled 811,276 from August 1st – 17th