ICE in the US has issued updates about the status of commodity warehouses in the US after the recent hurricanes there.
ICE said all warehouse operators in Houston and Galveston with facilities storing Coffee ‘C’ have reported that they are now open and fully operational, and have also confirmed there has been no damage to their facilities or any goods in store.
In accordance with Rule 7.17(a) (iii) (D), the exchange has removed all flags in eCOPS for coffee stored in Houston. All exchange certified product in store in Houston may be delivered against Coffee ‘C’ futures contracts and the moratorium on requests for certification relating to product in the affected warehouses is no longer in effect.
In recognition of the potential impact of Hurricane Irma, all coffee stored in warehouses in Miami has been temporarily flagged in eCOPS as non-deliverable, in accordance with the aforementioned rule.
As a result of this flagging, requests for certification relating to product in these warehouses may not be submitted until the flagging is lifted by the exchange.
As of 7 September 2017 there are 37,778 bags of certified coffee in Miami stores. Additional information will be provided when it becomes available.