Arabica coffee futures declined Monday on speculative selling prompted by weakness of the Brazilian
currency. Volume remained moderate, reaching 19,365 lots, including 2,849 switches. The real dropped the
most among the major currencies following negative economic data from China confirming the manufacturing
slowdown. The real devaluated 1.6 percent , trading BRL4.0600 at 3:15 pm EST. Lack of follow-
through against the recent resistance levels provoked speculative liquidation. Equity and commodity marketsfell today, adding the bearish sentiment to the soft commodity complex. Tomorrow, CONAB will publish thethird estimate for the 2015-2016 Brazilian crop. Last estimate from CONAB was 45.28 million bags.