Coffee Moves Up

Coffee futures have moved up Monday morning. September Coffee is trading at 129.05, up 2.80. Trading is firm. Some chatter about sellers near 130.40 is making the rounds. Market talk about weather and Brazil's coffee production is making the rounds. The growing regions of Brazil's state of Minas Gerais are forecast to remain dry early this week and should aid harvest. Market chatter about impacts the El Nino weather event may on production in Vietnam and Indonesia is ongoing.