Arabica Coffee futures ended higher on Wednesday, aided by weather news in Brazil and the general
recovery of traded markets. The active contract for December delivery closed with a 180 point gain,
closing at 119.10 cents per pound. On weather news, despite reported rains in the main coffee
growing regions of Brazil, precipitation seems to be insufficient which has worried the market.
Widespread rains are expected for the end of the week and during the weekend, according to various
meteorologists. The Federal Reserve announced no change to interest rates after their two day
meeting, although they surprised the public with possible rate hikes firmly on their agenda for the next