ICE Coffee Futures Finish Higher by FC Stone

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
meeting.