Arabica Coffee Futures for March delivery settled higher on Tuesday by 165 points at 119.15 cents per pound
after a slow session. During the last five minutes, a wave of speculative buying lifted the market to the highs of the day. The low volume reflects the festivities of this week, with only 16,177 lots traded, including 2,694 switches. Markets were higher today, on news of planned financial stimulus of the Chinese economy by the government, while disappointing third quarter GDP figures for the United States weakened the dollar against global currencies. The Brazilian real recovered slightly, since China is a big buyer of Brazilian products, giving support to Coffee prices. The Brazilian real reached a low of BRL3.973. US GDP figures showed a 2% growth in the economy during the third quarter, compared to 2.1% growth during the second quarter, disappointing the market and weakening the dollar. The markets will close at 1:05 pm EST on Thursday, and will be closed all day on December 25 th , 2015.